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Croatia's GDP +1.2% in 2nd quarter, better than predictions

Country exits recession, retail sales growth and exports

28 August, 18:16

(ANSA) - ZAGREB - In April-June this year Croatia's GDP increased by 1.2% on an annual basis, better than predictions, around 0,6%. This was reported today by the Croatian Bureau of Statistics (DZS).

The two most important factors that led to such a significant increase - the first in six years - have been a growth in retail spending and a rise in exports.

According to Branko Grcic, economy minister, the country is recording a strong and steady progress, ''according to which, the centre-left government in the general election set at the end of the year will ask the Croats to trust us for another four-year term''. ''We expect an even better performance in the third quarter, thanks to an excellent tourist season'', the minister added.(ANSA).

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