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Croatia's growth too weak to significantly increase employment, Moscovici says

Author: half
BRUSSELS, May 5 (Hina) - Modest growth is expected in Croatia, too weak to significantly stimulate employment growth, European Economic and Financial Affairs Commissioner Pierre Moscovici said on Tuesday.

Weak growth is expected in 2015, which is expected to step up a little in 2016, encouraged by an increase in investments, mainly from European funds, Moscovici told a press conference when asked to comment on the economic situation in Croatia given the high deficit and growing public debt.

Growth is expected to be too weak to stimulate significant employment growth, he said.

He was presenting the European Commission's spring economic forecast in which it raised the forecast of Croatia's growth for this year from previous forecasts, from 0.2 to 0.3 percent, and from 1 to 1.2% for 2016.

As for public finance, we had the opportunity to meet with representatives of the Croatian government and we have a positive dialogue with them. I hope the measures that will be announced can be taken into consideration in the recommendations which we will present by mid-May, Moscovici said.

The Commission will publish economic recommendations for each member country next week, based on national reform programmes.

(Hina) ha

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