Republic of Croatia: 2024 Article IV Consultation-Press Release; and Staff Report
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
Croatia is the newest euro area (EA) member. Following a very strong recovery in 2021–22, growth moderated to 3.1 percent in 2023, still among the highest in the EA. Inflation has decelerated considerably since early 2023 but remains above the EA average, while the labor market remains tight. Growth is expected to stay robust in 2024–25, led by strengthening household real incomes and investment supported by EU funds. Inflation is expected to gradually approach 2 percent in late 2025. Risks to the outlook are broadly balanced. Subdued productivity and labor shortages are the main obstacles to potential growth.
Series:
Country Report No. 2024/246
Subject:
Anti-money laundering and combating the financing of terrorism (AML/CFT) Crime Financial institutions Fiscal policy Fiscal stance Housing Inflation Labor Labor markets Loans National accounts Prices Production Productivity Public debt Total factor productivity
Frequency:
regular
English
Publication Date:
July 29, 2024
ISBN/ISSN:
9798400285332/1934-7685
Stock No:
1HRVEA2024001
Format:
Paper
Pages:
74
Please address any questions about this title to publications@imf.org