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2018/05/30 / Erste Group Research

HR Short Note, Croatia: GDP surprises on upside in 1Q18 as growth accelerates to 2.5% y/y

1Q18 once again revealed domestic demand as a strong positive contributor, with more pronounced growth dynamics seen on both the private consumption and investments side, while the loss of momentum on the exports side continued. As far as the outlook goes, we see the headline figure being supported by a solid domestic demand profile, with investments expected to deliver a stronger contribution to GDP, while the net exports contribution is seen as remaining in the modest red in 2018. Bottom line: we keep our FY18 GDP call at 2.8%, with balanced risks.

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General information

AuthorErste Group Research
Product nameCEE Country Update
Topic in focusFX, Macro/ Fixed income
Economy in focusCroatia
Currency in focusCroatian Kuna
Sector in focus-


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