Republic of Croatia; 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Croatia
Croatia’s annual GDP growth accelerated to 4–5 percent, per capita incomes advanced further toward the EU average, and unemployment declined to the lowest levels since Croatia’s independence. The staff report for Croatia’s 2009 Article IV Consultation is also described. Rapid credit growth led to a significant debt build-up and prevalent foreign currency borrowing aggravated balance sheet vulnerabilities, and booming domestic demand led to surging trade deficits, moderated only partially by strong tourism earnings.
Saved in:
freely available
Saved in favorites
Similar items by subject
-
(2010)
-
(2009)
-
IMF-Supported Programs in Capital Account Crises; Design and Experience
Bulir, Ales, (2002)
- More ...
Similar items by person
-
(2012)
-
(2011)
-
(2011)
- More ...