Country Economic Forecasts - Croatia
GDP growth strengthened in Q2 as we had expected, driven mostly by a large gain in export volumes. Year-on-year growth in Q1 was also revised up significantly, moving from an estimated 1.5% to 2.6%. As a result, we have raised our forecast for 2018 as a whole to 2.8% from 2.5% last month; the tourism and consumer sectors are the key factors behind this expansion.
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