The European Commission forecasts for 2016 continued growth in Croatia

On 4th February 2016, the European Commission has announced the Winter 2016 Economic Forecast with updated growth projections for the European Union and its member states. According to the Commission’s winter forecast, growth in the euro area is projected to increase to 1.7% in 2016 (from 1.6% last year), and to rise to 1.9% in 2017. In 2016 EU economic growth is forecast to remain stable at 1.9% and is expected to grow to 2.0% next year. According to the Commission’s projections, the economic growth in Croatia is expected to grow by 1.8% in 2015, and is projected to increase to 2,1% in 2016 and 2017. The basis for these projections lies within further acceleration of the domestic demand, as the main driver of growth. This, coupled with improving labour market conditions which will contribute to increasing household spending as well as speeding up of the investments due to improved absorption of EU funds, contributed to overall growth expectations by 2.1% in next two years.
More information: