Most summers, it is Croatia’s beaches and islands that attract international attention rather than its economy. This year, however, external analysts, rating agencies and journalists seem to have spent the holiday season vying with one another to produce the most doom-laden outlook for the country. Much has been made of its rising public debt burden and comparisons with Greece have proliferated. One analyst recently predicted: “In three or four years’ time we will be talking about the Croatian crisis.”
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“Growth of 3% to 3.5% |
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