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IMF expects Croatia's GDP to shrink by 1.5% in 2012, modest growth in 2013

Autor: vmic
ZAGREB, Nov 13 (Hina) - With unfavourable external conditions and subdued domestic demand, Croatia can expect a further contraction of GDP by 1.5% this year and modest growth of 0.75% in 2013, and unless barriers to investment and employment growth are forcefully addressed, potential growth will remain modest, the Executive Board of the International Monetary Fund said in a report on Tuesday after concluding the Article IV consultation with Croatia last week.

(Hina) vm

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