engleski

Croatia: Impressive economic growth achieved in 2021 is expected to slow down significantly in 2022

After an impressive economic recovery from pandemic shock in 2021, the Croatian economy growth rate is envisaged to slow down strongly in 2022. The war in Ukraine and the negative impacts of several rounds of economic sanctions introduced by the EU to Russia have changed significantly the economic growth prospects for the EU countries, including Croatia. The most of domestic and international forecasts for 2022-2024 were therefore revised significantly downwards. All of these prognoses single out that the major negative risk for the growth rates’ realisation in this period is linked with rising inflation caused primarily by the enormous increase of the energy and food prices. Such prices developments would inevitably cause worsening of financial conditions due to an increase of interest rates, thus significantly affecting future investments and other growth factors.

Croatia, macroeconomic indicators, economic recovery, short and medium-term projections

SEE-6 Economic Outlook is a biannual publication in English published by the members of the South East Europe Economic Institutes Association (SEEA).