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Croatia comes out of crisis: PM

Xinhua, August 28, 2015 Adjust font size:

Croatian Prime Minister Zoran Milanovic said on Friday the country has come out of the crisis after its economy increased 1.2 percent in the second quarter of 2015.

The latest growth in its gross domestic product (GDP) by 1.2 percent meant Croatia has come out of the crisis, Milanovic said, adding a higher growth was expected in the next quarter.

The figure was the results of active measures, including reducing of some tax and absorbing more European Union funds, he said.

The Croatian National Bureau of Statistics (DZS) on Friday released its latest estimate, saying the GDP grew by 1.2 percent in the second quarter this year.

The growth mainly thanks to the increase of exports, consumption and investments, according to DZS.

This was the third consecutive quarter that the country's GDP increased and 2015 will likely be the first year with economy growth after a six-year recession. Endit