Republic of Croatia: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Croatia
Electronic Access:
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Summary:
Croatia’s annual GDP growth accelerated to 4–5 percent, per capita incomes advanced further toward the EU average, and unemployment declined to the lowest levels since Croatia’s independence. The staff report for Croatia’s 2009 Article IV Consultation is also described. Rapid credit growth led to a significant debt build-up and prevalent foreign currency borrowing aggravated balance sheet vulnerabilities, and booming domestic demand led to surging trade deficits, moderated only partially by strong tourism earnings.
Series:
Country Report No. 2009/185
Subject:
Balance of payments Banking Budget planning and preparation Currencies Current account deficits External debt Money Public debt Public financial management (PFM)
English
Publication Date:
June 12, 2009
ISBN/ISSN:
9781451817492/1934-7685
Stock No:
1HRVEA2009001
Pages:
66
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