Research Detail
| 2021/12/07 / Erste Group Research |
Stellar economic recovery in 2021 Recovery momentum gathered further traction in 3Q21, as the 15.8% y/y figure confirms the full V-shape recovery in 2021. Domestic demand kept a strong print, as both private consumption and investments continued to trend comfortably in excess of 2019 levels. Tourism provided a strong tailwind, as physical indicators suggested activity at 90% of the pre-COVID-19 level. As for the outlook, our current 8.7% call is subject to upside risks, suggesting growth north of the 9% mark, while we marginally trimmed our call for 2022 to 4.8%, reflecting the sound domestic demand outlook, while recognizing less 'normalization' potential from tourism. |
 Download PDF (89kB)
|
General information
| Author | Erste Group Research |
| Date | 2021/12/07 |
| Language |  |
| Product name | CEE Country Macro Outlook |
| Topic in focus | FX, Macro/ Fixed income |
| Economy in focus | Croatia |
| Currency in focus | Croatian Kuna |
| Sector in focus | - |
| Download |