Business

Economy Minister Expects Croatia's Growth in 2021 to be Above 5%

By 19 August 2021
Economy Minister Expects Croatia's Growth in 2021 to be Above 5%
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ZAGREB, 19 Aug, 2021 - Economy and Sustainable Development Minister Tomislav Ćorić told the press on Thursday that Croatia's economy would expand by more than five percent in 2021 on the back of excellent results in the tourist sector so far this year.

Considering the trends in the tourist season and results in July and in the first half of August, I can point out that we in the government expect that our forecasts of economic growth of more than five percent will turn out to be correct, he told reporters after the government's meeting.

If the positive trends in the tourist trade continue in the remainder of the season, the growth can be even higher, he said, adding that he is optimistic about that.

After a downturn of 8% in 2020, the Croatian economy is expected to rebound by 5.2% in 2021, according to the government's projections.

Ćorić added that the government had today decided to allocate HRK 30 million for the completion of an entrepreneurial centre in prefab containers in Petrinja.

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