„Croatia Has No Answer to the Crisis“

Since 2008, Croatia is in a severe economic crisis. The average economic growth rate came at -1.7% in the last five years. In 2012, the GDP shrank by 1.8%. Croatia´s economic growth rate is expected to reach 0.1% this year. According to Vladimir Cavrak, economist at Zagreb University, the economic outlook is not promising at all. “The government has no answer to the crisis. There is no growth policy and no progress.” he says.

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