The IMF forecasts that Croatia's economy will contract 1.1 per cent this year. In April, it predicted a 0.5 per cent decline.
For next year, the IMF forecasts a growth of one per cent, the same as predicted in April.
WASHINGTON, Oct 9
(Hina) - The International Monetary Fund on
Tuesday cut its global growth forecasts for the second time since
April, warning U.S. and European officials that failure to fix their
economic ills would prolong the slump, and downgrading the outlook on
the Croatian economy as well.