Naslov
Croatia’s economic outlook for 2023 and beyond

Autori
Kotarski ; Kristijan

Vrsta, podvrsta
Ostale vrste radova, popularni rad

Godina
2023

Ključne riječi
Croatian GDP growth ; productivity growth ; inflation ; unemployment: reforms ; energy crisis

Sažetak
The growth beyond 2023 and the ensuing economic convergence with the club of the richest countries in the world crucially depends on the implementation of major structural and institutional reforms. On the condition of embarking on a path of ambitious reforms Croatia could lift potential growth rate to 3% until 2050, a threefold increase over the current projections. Those reforms must include: decisive fight against corruption, strengthening of the rule of law by making court cases more expedient and impartial, making regulatory framework more conducive for private businesses, dramatically increasing abysmally low R&D expenditure, reducing the economic footprint of state-owned enterprises, establishing enhanced voice and accountability mechanisms between the body politic and members of the political elite and improving the effectiveness of public policies. One reform at the time is not a small feat, let alone the whole package. Let’s hope that after the super-electoral 2024, which will be preceded by some populist economic measures, the next Government won’t go back to old bad habits and will do some serious economic heavy-lifting. Living on borrowed prosperity ends sooner or later.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija, Politologija

POVEZANOST RADA