Grcic comments on EC's growth forecast

Branko Grcic, a Social Democratic Party (SDP) member of Parliament and deputy prime minister in charge of economic affairs in the previous government, on Thursday commented on the upward revision by the European Commission of growth projections for Croatia from 1.4 to 2.1 per cent in this year, saying that these were good parameters and that the previous government had done a good job.

"All these are very good parameters. Yesterday's report (by the Croatian Bureau of Statistics) saying that personal consumption has been on the rise for 17 months in a row indicates that the recovery began even before 2015. This is an additional confirmation that our government was doing a good job," Grcic told the press in the Parliament building.

Grcic said that there were great expectations from the new government to follow in the footsteps of the previous one, maintain the present trends and achieve the projections for 2016 and 2017.

"Last year growth was 1.8 per cent and we reduced the deficit by 1.4 per cent of GDP in just one year. The Commission forecasts that the deficit will be reduced by one per cent over 2016 and 2017, so you can imagine the effort that was made already in 2015. It is assessed that even the much-talked-about public debt considerably slowed down in 2015 primarily thanks to the deficit reduction," Grcic said.

Last update: Thu, 04/02/2016 - 15:57

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