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2017/08/30 / Erste Group Research

HR Short Note, Croatia

2Q17 GDP lands at 2.8% y/y – meets expectations

As suggested by the monthly frequency data, the economy accelerated modestly in 2Q17, being supported by solid domestic demand momentum, while net exports continued to weigh on the headline figure, albeit less aggressively than in 1Q17.

Looking forward, 2H17, in our view, should still bring modest growth acceleration, backed by domestic demand and once again strong tourism; we therefore keep our FY17 GDP forecast at 2.7%, with the risks still skewed on the positive side.

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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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