WB projects Croatia's GDP to drop by 1% y/y in 2010.

By bne IntelliNews July 23, 2010
The World Bank revised its forecasts for 2010, the latest World Bank Regular Economic Report for the EU10 (new EU member countries) plus Croatia, showed. The projections showed that Croatia's GDP will drop by 1% y/y in 2010, after the latest forecast for a zero GDP growth in 2010. The senior regional World Bank economist, Sanja Madzarevic Sujster, said at the presentation of the report that the recovery of the EU10 region was fragile and uneven, while in Croatia it was not visible. She stressed that the trend of weak domestic demand and falling investment continued. Sujster pointed out that the government's economic recovery programme had to be implemented decisively.

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