ZAGREB, August 30, 2020 – Prime Minister Andrej Plenkovic said on Sunday, that a blueprint of the plan for the recovery from the corona crisis could be expected in October, and added that the 15.1-percent contraction of Croatia’s Gross Domestic Product in Q2 was within expectations.
The government is due to have the basic outlines of the recovery plan until 15 October, Plenkovic informed the press after a conference on the occasion of International Day of the Disappeared.
“It is our idea that we have the outlines of that plan drawn up until 15 October. After that we will fine-tune the document in communication with the European Commission, just as all other countries. The adoption of those documents is expected at the beginning of the next year,” said the Croatian premier.
The recovery plan is being adjusted to the targets from our National Reforms Programmes, the Convergence Programme and the agenda of this cabinet, he added.
The sum of 22 billion euro which is put at disposal to Croatia in seven years is an excellent lever for the start of a robust economic recovery in 2021, he recalled.
Commenting on the 15.1% decline in Q2 GDP, Plenkovic said that it was within expectations considering the COVID-19 lockdown in that period. He recalled that Q1 saw some growth and that one should wait for results in Q3 and Q4.
“This is a specific year, and globally, this (fall) is within the average of EU member-states,” Plenkovic said adding that the H1 GDP was actually at -7.5%.