Republic of Croatia: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Croatia
IMF Staff Country Reports, January 16, 2018
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- Republic of Croatia: 2017 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: January 16, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484337325.002
Overview and Growth Outlook
- Croatia continued its third year of positive economic growth in 2017.
- Growth is expected to stay at similar levels in the near future but to decelerate over the medium term.
- Consumer prices increased at a moderate pace.
- Wage growth was moderate while unemployment remained high.
External Sector and Balance of Payments
- The external current account is expected to record another strong surplus.
- Drivers of the surplus:
- Robust performance of exports and tourism.
- Lower repatriation of profits as banks absorbed losses from Agrokor.
Risks, Vulnerabilities, and Financial Sector Issues
- The balance of risks has improved but vulnerabilities remain sizable.
- Key vulnerabilities:
- Public debt levels are still high.
- External debt levels are still high.
- The full impact of the Agrokor restructuring is yet unknown.
Subject Coverage and Keywords (from the publication)
- Subject: Banking, Economic and financial statistics, Expenditure, External debt, Financial institutions, Fiscal policy, Loans, Monetary statistics, Public debt
- Keywords: CR, Europe, Global, IMF staff estimate, ISCR, kuna liquidity, Loans, Monetary statistics, preliminary information, real GDP data, staff appraisal
Content in this bundle
- Country Report