The Economist: Plenković Could Convene Earlier Elections

The respected British publication shines its spotlight on the Croatian Prime Minister and economic predictions for 2018.

As Poslovni Dnevnik writes on the 22nd of November, 2017, The Economist’s estimate of Croatia’s GDP growth is lower than most other estimates have been.

The highly respected and widely read British publication expects the Croatian economy to grow by 2.6 percent in 2018, which is slower than this year, and this estimate is lower those provided by numerous other expert analysts and institutions.

In a special edition entitled “The World in 2018”, The Economist also estimates that inflation in Croatia could arrive to 1.8 percent next year, as well as a 1.6 percent GDP budget deficit.

“The coalition government led by the conservative HDZ is weak, and Prime Minister Andrej Plenković could convene earlier elections in order to make use of the strong rating of the party. If he doesn’t do that, economic reforms will be slow. If he secures a firmer mandate, the government will try to limit the large public debt and boost domestic investment,” analysts from The Economist estimate.

Among European countries, analysts predict the highest rates of growth to be forecast for central and eastern European countries, with Romania at 4.5%, Estonia at 3.5%, Hungary and Poland at 3.4%, Bulgaria at 3.3% and Slovenia at 3.1 percent.

For Croatia’s largest trade partners – Germany and Italy – The Economist predicts GDP growth rates in 2018 of 1.8 percent and 1 percent respectively. As previously stated, The Economist’s estimate of Croatia’s GDP growth is lower than most other estimates.

The European Commission has announced in its recent forecasts that in 2018 it expects the Croatian economy to grow by 2.8 percent.

The International Monetary Fund (IMF) and the World Bank are expecting growth of 2.7 percent.

Addico Bank is even more optimistic, after it recently announced that it expects GDP to grow by 3.0 percent next year.

Raiffeisenbank Austria (RBA) recently announced that due to the possible negative risks from the restructuring of Agrokor, Croatia’s crucial yet ailing largest private company, the economy is expected to grow by 2.3 percent next year.

The government, on the other hand, has proposed a budget proposal for next year which estimates growth of 2.9 percent.

 

Subscribe to our newsletter

the fields marked with * are required

Email: *
First name:
Last name:
Gender:	Male Female
Country:
Birthday:	[DD] 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 [MM] 1 2 3 4 5 6 7 8 9 10 11 12 [YYYY] 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Please don't insert text in the box below!