Wednesday, 18 November 2020
ZAGREB, Nov 18, 2020 - Croatia entered the COVID-19 crisis with vulnerabilities linked to the government, private sector, and external debt in a context of low potential growth, so the European Commission on Wednesday again recommended making an in-depth review to estimate macroeconomic imbalances. In the Alert Mechanism Report, a screening device to detect potential macroeconomic imbalances, the Commission recommends that in-depth reviews to identify and assess the severity of possible macroeconomic imbalances should be prepared in 2021 for the same 12 member states that had already been identified as having imbalances or excessive imbalances in February 2020. Croatia, France, Germany, Ireland, Netherlands, Portugal,…