News from the financial markets for September 2018

GDP

• Gross Domestic Product in the second quarter of 2018 in the Republic of Croatia grew by 2.8%, which is higher than the EU average growth (2.1%)
• Growth is mainly linked to the consumption of households
• Import and export of goods increased (exports even by 2.5%) compared to 2017
• The service sector, primarily toursim, is credited with the final surplus of the current balance of payments account, which at the end of 2017 amounted to 3.9% of GDP

INFLATION

• The expected increase in inflation in the current year is about 1.5-2%.

PUBLIC DEBT

• The ratio of public debt / GDP in the first quarter of this year was reduced to 76% (in 2017 it was 82.7%)

DEFICIT

• In the year 2018, a deficit of 0.5% is expected for the economy (this is the settlement of AGROKOR and ULJANIK)