Croatia’s Q3 GDP likely to have grown

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The Croatian national statistical office (DZS) is expected to publish on Friday preliminary data on the country’s GDP in the third quarter, and the economy is likely to have grown with macroeconomic analysts polled by Hina forecasting a growth of over 2%, the highest rate since 2008.

The eight analysts covered by a survey conducted by Hina have projected a rise of 2.2% compared to the corresponding quarter in 2014. The lowest projection is +1.6% and the highest is +3%. If these projections prove to be correct, Croatia will have positive growth for four straight quarters.

The largest contributions to positive trends have been made by strengthening personal consumption, excellent tourist trade in the latest season, rising exports and also an increase in industrial output for several months.

(Hina)

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