Brief Financial Market comment from December 31 2019 to March 2020

BDP in 2019

Croatian GDP grew by 2.9% on December 31 2019, after a strong growth of 3.2% in the first half of the same year, and growth of 2.75%. in the second half. However, growth is above the euro area (EA) averages and averages all across the EU28. This is related to the recovery of the construction sector by 8%, ICT technology sector by 4.3%, as well as increase in export of goods by 4.5%, and increase in import of goods by 4.8%

Macroeconomic situation between the HR and the EU

Macro data	HR	Eurozone
GDP growth (2nd quarter 2019)	2,9%	1,2 %
Inflation Rate (August 2019)	1,2 %	1,2 %
Unemployment rate (July 2019)	6,1 %	7,4 %
Public Debt (% of GDP, 1st quarter 2019)	74,9 %	86,1 %
State Budget (2018)	-0,1 %	-0,7 %
Industrial production (July 2019)	0,5 %	-1,7 %
Retail Turnover (July 2019)	3,6 %	2,2 %