IMF Nearly Doubles Estimate of Croatia’s GDP Growth

Total Croatia News

Good news from the International Monetary Fund.

The International Monetary Fund (IMF) nearly doubled its estimate of growth of the Croatian economy this year, which is expected to further accelerate next year, reports Jutarnji List on April 12, 2016.

Croatian economy is expected to grow this year by 1.9 percent, according to the latest IMF estimates. In autumn of last year, the IMF expected that Croatia would growth by one percent. The IMF also doubled its estimate of last year’s growth of the Croatian economy, to 1.6 percent, from the previously projected 0.8 percent. As for 2017, the International Monetary Fund expects that Croatian economy will grow by as much as 2.1 percent.

The estimate of inflation for this year has been more than halved, from 1.1 percent to 0.4 percent. In 2015, according to the IMF estimates prices in Croatia decreased by 0.5 percent. In 2017, it is expected that the inflation should significantly speed up and reach 1.3 percent.

However, the IMF also increased its forecast of this year’s unemployment rate by 0.3 percentage points, to 16.4 percent. In 2015, the unemployment rate stood at 16.9 percent according to the latest assessment. In 2017, the IMF expects an unemployment rate of 15.9 percent.


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