Next year the strongest contribution to growth will come from investment and personal consumption, with a further rise in exports, the Institute says in the latest issue of its publication, the Croatian Economic Outlook Quarterly.
The Institute stood by its growth projection of 4.7 per cent for this year, but adjusted its 2007 forecast, announced in the July issue of the Outlook, from 4.2 to 4.5 per cent.
The Croatian economy recorded a 3.6 per cent growth in the second quarter of 2006, experiencing a slowdown from the first quarter when the growth rate was a respectable six per cent.
Following a brief period of stagnation, industrial production increased sharply in July and August, signalling positive economic trends in the remainder of the year.