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Croatia, 6 years since the crisis, real economic recovery
GDP expected to grow between 0.6% and 0.8% in the second quarter
26 August, 15:20
(ANSA) - ZAGREB - Croatia's economy finally seems to be moving
towards a constant, albeit slight, recovery, after six years of
recession and stagnation that have caused the loss of about 15%
of the country's GDP.
According to initial estimates, the March-June quarter will be
the third consecutive quarter showing good signs in almost all
macroeconomic indicators, first of all GDP, which is expected to
grow between 0.6 and 0.8%.
This result was achieved primarily thanks to an excellent tourist season, a growth by 2.5% in retail sales - due to a reduction in income tax established at the beginning of the year - and to low oil prices.
Exports have recorded - from the beginning of the year - an increase by 11.5% over the same period of 2014. Even the industrial production has recorded positive results, increasing by 2%. The only major sector which remained stable was the building industry.(ANSA).
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This result was achieved primarily thanks to an excellent tourist season, a growth by 2.5% in retail sales - due to a reduction in income tax established at the beginning of the year - and to low oil prices.
Exports have recorded - from the beginning of the year - an increase by 11.5% over the same period of 2014. Even the industrial production has recorded positive results, increasing by 2%. The only major sector which remained stable was the building industry.(ANSA).
