Growth Returns In 2013 - But Recovery Will Be WeakAlthough we still expect the Croatian economy to recover in 2013, after four consecutive years of recession,we have become more pessimistic about the strength and speed of the rebound. The main positive will bethe country''s planned accession to the EU, which will boost investment. On the other hand, weak growth inthe eurozone, the continuing need for fiscal austerity at home, together with weak employment and privateconsumption, will all act as negatives. We now estimate the economy contracted by 2.2% in 2012 (a deeperslump than the 1.7% contraction we projected in our last quarterly report) while for 2013, we are pre...
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