Saturday, 7 November 2020
As Novac/Augustin Palokaj writes on the 6th of November, 2020, the Croatian GDP drop should be at around 9.6 percent this year, which is among the largest declines in the EU, as only Spain with a 12.4 percent drop and Italy with 9.9 percent drop will have a larger decline than that. The good news for Croatia is that mass job losses have been avoided so far, that unemployment growth is much lower than the economic downturn and that unemployment will drop again next year. Public debt in all EU countries is skyrocketing, which is understandable in the circumstances of…