Republic of Croatia: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for the Republic of Croatia

Publication Date: May 19, 2014
Electronic Access: Free Full text (PDF file size is 3,137KB).
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Summary: This 2014 Article IV Consultation highlights that Croatia remains stuck in an unusually drawn out recession. In 2013, real GDP contracted for the 5th consecutive year, and stands now at less than 90 percent of the end-2008 level. Unemployment has risen to 17 percent. Domestic demand remains depressed as corporations and households focus on reducing excessive debts accumulated in the 2000s. Exports and foreign direct investment are also feeble. The outlook is for an additional contraction in 2014 of almost 1 percent. Real domestic demand would remain feeble, reflecting both weak private sector demand and fiscal consolidation.
Series: Country Report No. 14/124
Subject(s): Article IV consultation reports | Economic growth | Fiscal policy | Fiscal consolidation | Labor market reforms | Monetary policy | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Croatia

Publication Date: May 19, 2014
ISBN/ISSN: 9781484396513/1934-7685 Format: Paper
Stock No: 1HRVEA2014001 Pages: 74
US$18.00 (Academic Rate:
US$18.00 )
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