Croatian National Bank Revises Economic Forecast

Croatian_National_Bank18 July 2016, VG Intelligence Weekly Issue 15

On 13 July, the HNB held its council session, discussing the latest economic and monetary trends. The council raised their forecast for Croatia’s 2016 GDP growth, increasing their estimate to 2.3%, while in December 2015 their forecast was 1.8%. In 2017, the GDP growth rate is expected to increase by 2.5%. The council stated that the HNB will continue to pursue an expansionary monetary policy, supported by structural repo operations. The high public debt and external debt are still perceived to be a great risk for the financial stability of the country…

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