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Hypo Alpe-Adria forecasts Croatia's GDP to contract 2% in 2012

ZAGREB, March 5 (Hina) - The Hypo Alpe-Adria bank projects the contraction of Croatia's Gross Domestic Product by 2% in 2012 as against 2011, and also an annual decline in personal consumption by 0.6 percent, according to figures in the "Macroeconomic Outlook 2012 - 2013", the bank's regular semiannual write-up on trends in the Croatian economy, including short-term outlooks.

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