The IMF's latest report confirms the estimate of this year's economic growth in Croatia released in April. In 2018, Croatia's economy is expected to grow 2.7%, 0.1 pp better than in the previous estimate.
Last year Croatia's economy grew 3%, an improvement on the April estimate of 0.1 pp.
The latest IMF report also confirms this year's inflation estimate of 1.1%. Next year price growth is expected to pick up slightly to 1.2% compared to 1.1%, which was the estimate in the April report.
In 2016 consumer prices in Croatia dropped 1.1%, as forecast by the IMF in April.
Unemployment rate estimates were confirmed as well, and this year unemployment is expected to stand at 13.9%. In 2018 it is expected to slide to 13.5%. Last year, according to confirmed estimates, unemployment was 15%.
The balance of payments surplus, expressed as the share in GDP, should be 3.8% this year, which is 1 pp higher than the April estimate.
The estimate of the surplus in 2018 was revised upward by 1.2 pp to 3%.
The balance of payments surplus in 2016 was 2.6%, which is 1.3 pp less than estimated in April.
In emerging and developing European economies, among which the IMF counts Croatia, economic activity is expected to grow 4.5% on average in 2017 and slow down to 3.5% in 2018.