GDP drops by 6.7% y/y in Q1.
The real GDP dropped by 6.7% y/y in Q1, the first annual decline since Q1/2000, the statistical office announced. In Q4, GDP grew by 0.2% y/y. In current prices, GDP reached HRK 77.9bn in Q1. The decline came on the back of drop in household consumption, by 9.9% y/y, following 3.2% y/y decline in Q4, and investments, which wend down by 12.4% y/y versus 3.5% y/y growth in Q4. Government consumption rose by 3.9% y/y, accelerating from 2.7% in Q4. Exports continued to decline, by 14.2% y/y versus 2.5% y/y drop a quarter ago. The exports...
