Thursday, 19 December 2019
ZAGREB, December 19, 2019 - Croatia's economic growth is expected to slow down to 2.5% in 2020, from the medium forecast of GDP growth 2.9% in 2019, a survey conducted by the Croatian Banking Association (HUB) showed on Thursday. The expected slowdown is due to external factors and internal weaknesses, such as the lack of reforms, investment barriers, an inefficient state sector and unfavourable demographics, members of the HUB Club of Chief Economists said in the survey. Kuna exchange rates are expected to remain the same as in late 2019, while public debt should continue decreasing approximately at the same…