Republic of Croatia: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Croatia
IMF Staff Country Reports, June 28, 2016
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- Republic of Croatia: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Croatia
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Bibliographic details
- Published: June 28, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498321150.002
Economic developments (recent history and drivers)
- Recovery began since the last quarter of 2014 from a six-year recession.
- In 2015 real GDP grew by 1.6 percent.
- Growth in 2015 was driven by:
- strong exports and tourism
- a revival of private consumption
- higher public investment
- Consumer prices have largely been declining over the past two years, mainly due to lower energy and food prices.
- Unemployment declined only slightly since 2014 and remains very high.
Outlook and risks
- Absent concrete measures to underpin some of the planned reforms, projections indicate:
- a slightly higher deficit in 2016
- a slower pace of consolidation over the medium term
Key statistics and identifiers (as reported)
- Pages: 69
- Volume: 2016
- Issue: 187
- Series: Country Report No. 2016/187
- DOI: https://doi.org/10.5089/9781498321150.002
- Stock No: 1HRVEA2016001
- ISBN: 9781498321150
- ISSN: 1934-7685
Republic of Croatia: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Croatia, June 28, 2016