Finance minister: Croatia to report economic growth in Q4/10.

By bne IntelliNews October 11, 2010
Finance minister Ivan Suker forecast that the country will report economic growth in Q4/10, but the full-year GDP dynamics will be negative, news agency HINA reported after Suker's meeting in Washington with the IMF and the World Bank. Suker forecast 1.5-1.6% y/y growth in 2011 as a result of the anti-crisis measures, implemented by the government. The finance minister confirmed that the country does not intend to take financial assistance from the IMF. We note that GDP decreased by real 2.5% y/y in Q2, on the back of decline in household consumption, which dropped by real 2.5% y/y, following 4.1% y/y decline in Q1, and investments, which went down by 13.4% y/y versus 13.8% y/y drop a quarter ago.

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