1. Market Research
  2. > Financial Services
  3. > Banking Market Trends
  4. > Intellinews - Croatia Country Report - January 2013

Intellinews - Croatia Country Report - January 2013

  • February 2013
  • -
  • Emerging Markets Direct Media Holdings
  • -
  • 29 pages

Moody's downgraded on Feb 1 Croatia's government bond rating to Ba1 from Baa3 on poor growth prospects and lack of fiscal flexibility. The action comes as another woe for the Croatian economy after in mid-December S&P lowered Croatia’s credit rating to junk over the scarce evidence of structural and fiscal reform. In January, the EBRD and the World Bank cut their GDP growth projections for this year to 0.8% from previous 1.2% and 1.5%, respectively.

Several weeks later the government, as largely expected, said it will soon revise its 2013 budget to bring it in line with its new worsened GDP growth forecast of just 0.7% for the year compared to previously expected 1.8%. The revision will strive to keep the planed fiscal gap unchanged at some 3% of GDP and as revenues shrink the government will also need to cut expenses if it wants to remain true to its deficit target. As a result, public wages might be cut 3%.

Consumer price inflation accelerated to 5.2% in January from 4.7% in December. Retail sales fell by a real 6.1% on the year in December after declining 5.7% the same pace a month earlier. Industrial production shrank 5.6% on the year in December after dropping 4.3% in November.

The jobless rate jumped to 21.1% in December from 20.4% in November and was above the 18.7% one registered in December 2011. Labour productivity went down 1.3% in 2012 after rising 2.9% in 2011. Average net wages fell by a real 5% y/y in November after shrinking 3.1% a month.

Table Of Contents

Intellinews - Croatia Country Report - January 2013
EXECUTIVE SUMMARY

MACROECONOMIC OVERVIEW

REAL SECTOR
1. GDP, Inflation
2. Industry and Trade
3. Labour Market
4. Tourism

FISCAL SECTOR, MONETARY POLICY

FISCAL SECTOR, MONETARY POLICY

EXTERNAL SECTORS

STRUCTURAL REFORMS

POLITICS



List of Figures

Figure 1 - Annual CPI, PPI inflation
Figure 2 - Croatia jobless rate
Figure 3 - Croatia registered unemployed
Figure 4 - Croatia net wage
Figure 5 - Croatia tourist arrivals
Figure 6 - Croatia c-bank foreign reserves
Figure 7 - Croatia bank loans
Figure 8 - Croatia bank deposits
Figure 9 - Croatia bank assets
Figure 10 - Croatia lending rate
Figure 11 - Croatia average deposits rate
Figure 13 - Croatia foreign debt

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
China Banking IT Solutions Market Shares, 2015: Market Maintains Stable Growth

China Banking IT Solutions Market Shares, 2015: Market Maintains Stable Growth

  • $ 7500
  • Industry report
  • October 2016
  • by IDC

"China's banking industry is facing three major challenges -- economic slowdown, interest rate liberalization reform, and internet finance, accompanied by dramatic changes in the banking business environment," ...

Blockchain Technology Market by Provider, Application, Organization Size, Vertical, and Region - Global Forecast to 2021

Blockchain Technology Market by Provider, Application, Organization Size, Vertical, and Region - Global Forecast to 2021

  • $ 5650
  • Industry report
  • October 2016
  • by MarketsandMarkets

“Need for transparency and immutability is driving the growth of the blockchain technology market” MarketsandMarkets estimates the global blockchain technology market to grow from USD 210.2 million ...

China Banking Industry IT Solutions Forecast, 2016-2020

China Banking Industry IT Solutions Forecast, 2016-2020

  • $ 5500
  • Industry report
  • September 2016
  • by IDC

"China's banking industry is facing three major challenges -- economic slowdown, interest rate liberalization reform, and internet finance, accompanied by dramatic changes in the banking business environment. ...

Uk Wealth Report 2016

September 2016 $ 4995

Italy Wealth Report 2016

September 2016 $ 4995

ref:plp2013

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.