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Predictions for Croatian economy mildly deteriorate in December

Autor: half
MANNHEIM/ZAGREB, Dec 19 (Hina) - Predictions for the Croatian economy mildly deteriorated in December, whereby Croatia is following the trend of deteriorating predictions for Central and East Europe, according to Thursday's report by the German ZEW institute and Austria's Erste Bank.

The index of predictions for the Croatian economy in the next six months dropped by 4.1 to 22 points in December.

ZEW and Erste compile the index based on a survey among financial market experts. The survey covers Croatia, Austria, the Czech Republic, Hungary, Poland, Romania, Slovakia and Turkey.

Predictions for the region also mildly deteriorated this month, by 4.1 to 37.5 points.

Predictions deteriorated the most for the Turkish economy, a drop of 8.7 points, while they were best for Hungary and Poland, jumping 15 and 7.2 points respectively. Predictions also improved for Austria, Romania and the Czech Republic, going up 7, 2.6 and 1.3 points respectively.

The financial experts gave a poor assessment of the current states in the Central and East European economies, with the index dropping 4.3 points from November to this month's 11.9 points.

The assessment of the current state of the Croatian economy in December dropped 6.9 points on the month to -60.5 points, accounting for the biggest deterioration in the region, followed by Poland, where the index of the current state of the economy dropped 5.3 points.

The situation improved only in Hungary and the Czech Republic, with the index going up 4.1 and 1.9 points respectively.

(Hina) ha

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