The European Commission on Tuesday released its Spring 2016 Forecast, mildly reducing Croatia's economic growth outlook to 1.8%, the main reason for this being the poor results in Q4 2015.
The eurozone economy grew by 0.3 per cent in the last three months of 2015, holding steady despite growing financial turmoil around the world, data released on Friday showed.
Italy's economy grew by 0.6 per cent last year, below government estimates and economists' forecasts, national statistics institute Istat reported Friday.
The German economy ended 2015 on a firm footing as it managed to withstand slowing emerging markets, which have triggered concerns about the world economic outlook and prompted a sell-off of...
He said that 2015 was another year of big challenges as well as a year in which "the attempts of our serious and responsible work were finally confirmed, a year of positive economic indicators."...
In 2016 Croatia's economic growth will pick up to 1.8% on the back of rising exports of goods and services as well as on the back of a continued rise in personal consumption and investments,
EIZ upgraded its previous estimate by one percentage point compared with figures released in September, when EIZ forecast a GDP growth of 0.5% on the year.
"During the economic crisis in Europe investments contracted by 15% compared with 2007, which led to a gap in growth prospects, particularly with regard to the USA and Japan," Baricevic said.
The HNB said there was headway on the labour market this year and that in 2016 it expected employment growth to intensify mildly and unemployment to continue decreasing.
HUP president Gordana Deranja said that Croatia was at the end of a year that would overturn a series of negative trends and that it had finally come out of recession and was beginning to see...