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Forecast for Croatian economy markedly deteriorates

Autor: mses
ZAGREB/MANNHEIM, Nov 24 (Hina) - The forecasts for the Croatian economy markedly deteriorated in November, according to Thursday's report by the German ZEW institute and Austria's Erste Bank, which excluded Croatia from the trend of expected improvement in the economies of Central and Eastern Europe.

The forecast index for Croatia's economy in the next six months dropped 14.7 points to 26.1 points in November.

The report was based on a poll among financial experts, covering Croatia, Austria, the Czech Republic, Hungary, Poland, Romania, Slovakia, and Turkey.

Forecasts for the region improved seven points to 41.6 points in November, with the Slovak and Polish economies scoring the best predictions.

The experts also gave a better grade to the current state of the economy in the region, jumping 5.1 points to 16.2 points in November.

The evaluation of the current state of the Croatian economy improved from October by 3.5 points to -53.6 points in November.

(Hina) ha

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