ZAGREB, Sept 6 (Hina) - Analysts at the Privredna Bank Zagreb (PBZ) corrected the expected growth rate of the Gross Domestic Product (GDP) for this year from 3.1 to 3.7 percent.
ZAGREB, Sept 6 (Hina) - Analysts at the Privredna Bank Zagreb (PBZ)
corrected the expected growth rate of the Gross Domestic Product
(GDP) for this year from 3.1 to 3.7 percent. #L#
Martina Dalic, the head economist in PBZ, in the August edition of
"Makroekonomskih prognoza" (Macroeconomic Forecasts)by the PBZ
notes that the growth of the GDP could be affected by personal
spending, the growth of investments and possible increases in
exports, primarily of ships, and finally due to a good tourist
season.
Investments in the first three months increased en par with
international rates of 9.4 percent, while at the same time the index
growth of the physical scope of construction works increased by
10.5 percent. In the second quarter, there was increased growth in
construction and so in April and July the interim rate in that
sector amounted to an average of 15.4 percent.
Keeping in mind planned investment projects by the state,
particularly the infrastructure, next year's investments could be
one of the most dynamic categories of the GDP, and so the growth rate
of the GDP for 2003 could be about 3.5 percent, the PBZ estimated.
(hina) sp lml sb