Macro Analysis /

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

Research Team

Research Team @ EmergingMarketWatch

12 April 2021

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EmergingMarketWatch

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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

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