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Croatian PM optimistic about economic growth

Xinhua, July 28, 2016 Adjust font size:

Croatian Prime Minister Tihomir Oreskovic said on Wednesday the country's economic growth could reach 2.5 percent this year thanks to positive indicators in the first half of the year.

All the most important indicators, including industrial production, consumption and tourism were increasing, he said, adding the economy would grow 2.5 percent by the end of the year, more than previously expected of 2 percent.

"In the first six months the number of employed people increased by more than 100,000, while unemployment continued to fall," Oreskovic said.

Meanwhile the government would increase revenues from privatization to reduce public debt which is now at 87 percent of GDP, he added.

Last year, Croatia's economy started to recover from six consecutive years of recession with a growth of 1.6 percent. Endit