Republic of Croatia: 2019 Article IV Consultation-Press Release and Staff Report
IMF Staff Country Reports, February 19, 2020
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- Republic of Croatia: 2019 Article IV Consultation-Press Release and Staff Report
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Bibliographic details
- Published: February 19, 2020
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513530604.002
Summary of recent macroeconomic performance
- Fifth consecutive year of solid economic growth, driven largely by private consumption and tourism.
- Employment gains have been robust.
- Wages have continued to rise.
- Import prices have helped to keep inflation muted.
Outlook and projections
- Increased absorption of European Union funds is likely to raise public investment in the coming years.
- With continued strong consumption, the current account surplus is expected to decline, and turn into a moderate deficit, while economic growth moderates.
- Both public and external indebtedness are expected to continue their declining trajectories.
Fiscal situation and risks
- The pace of fiscal consolidation in 2019 continued to slow, with the budget estimated to be close to balance.
- Contingent liabilities could pressure budget balances in the coming years.
Publication metadata and key statistics
- Pages: 60
- Volume: 2020
- Issue: 050
- Series: Country Report No. 2020/050
- DOI: https://doi.org/10.5089/9781513530604.002
- Stock No: 1HRVEA2020001
- ISBN: 9781513530604
- ISSN: 1934-7685
International Monetary Fund. Republic of Croatia: 2019 Article IV Consultation-Press Release and Staff Report (IMF Staff Country Reports 2020, 050).
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