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Economic growth in 2020 dominantly affected by coronavirus lockdown

The impact of coronavirus outbreak and consequent economic lockdown on Croatian economic growth in 2020 was very profound. It was most strongly reflected in the sharp fall of exports, imports, private consumption, industrial production and service sector. While the first quarter of 2020 still recorded a modest real growth of 0.4%, the sharp fall of economic activities in the second quarter was rather massive with a rate of -15.1% as compared to the previous year, the highest in the last thirty years.

Croatia ; macroeconomic indicators ; economic trends ; economic outlook ; COVID-19 impact

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