IMF: Reform Efforts Need To Be Accelerated
March 4th, 2008
Zagreb, March 4 (CP) — The International Monetary Fund (IMF) mission head in Croatia Robert Feldman has said that although Croatia had made certain progress over the past year, it will be hard to reach the planned economic growth rate of six percent in the coming years.
IMF is expecting Croatia’s economic growth for this year to slow down to about 4 percent, while it is expecting an annual inflation rate of 5.5 percent.
The deficit of the current account of the payment balance is expected to stand at nine percent GDP, while the segment of Croatian foreign debt in GDP is expected to stand at 87.5 percent.
News Info: News in Business, Tagged: IMF
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