Macro Analysis /

Croatia: HNB revises 2021’s GDP growth projection upwards to 5.9%

    Research Team
    12 April 2021
    • Upward revision reflects expectations for stronger domestic demand recovery
    • Negative risks pronounced, linked to assumptions for relatively more successful tourist season against 2020
    • GDP to grow by only 2.8% in alternative, pessimistic scenario
    • Central bank to keep expansionary monetary policy while maintaining EUR/HRK stability
    • COVID-19 increases credit portfolio risk