Off the wire
• Israeli human rights group charge excessive force used against Palestinian attackers  • Libyan conflicting parties to sign UN-brokered deal in Morocco  • 1st Ld: China strongly opposes U.S. arms sale to Taiwan  • Urgent: Oil prices dive on growing inventories  • Chinese firm to build leading steel pipe plant in Nigeria  • Ireland sees best year ever for overseas tourism  • Interview: Chinese universities "rising through the ranks" quickly: Oxford Vice-Chancellor  • Urgent: China strongly opposes U.S. arms sale to Taiwan  • Iranian vice president visits Algeria to boost partnership  • 2nd LD Writethru: U.S. Fed raises federal funds rate by 25bp, first rate hike since 2006  
You are here: 　 Home

Croatia central bank forecasts GDP growth for 2016 to 1.8 pct

Xinhua, December 17, 2015 Adjust font size:

Croatia's economic growth in 2016 could reach 1.8 percent as the results of increase of the export and consumption, the Croatian National Bank (HNB) predicted on Wednesday.

This prediction reflected the continued recovery of the labor market, slower deleveraging and stronger consumer optimism, HNB said.

The growth in 2015 would stand 1.7 percent, higher than earlier prediction of 1.2 percent, it said.

"In the fourth quarter this year we expect a relatively high GDP growth of 2.3 percent and the main factor of that growth, as until now, is the growth in the export of goods and services and personal consumption," HNB governor Boris Vujcic said.

The HNB forecast that the general government deficit could drop to 5 percent of GDP this year from 5.6 percent in 2014, while the general government debt could reach 86.5 percent of GDP at the end of this year. Endit