Economy / Croatia
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Macroeconomic Forecast Croatia
May 2008 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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BMI View: Real wage growth continues to be moderate on an historical basis, coming in at 1.5% y-o-y in February. This was down from 4.3% y-o-y in the same month last year. Amid still high import prices for both food and commodities, this will help to mitigate demand-led inflationary drivers over the coming months. Indeed, with consumer price inflation at 5.7% y-o-y and producer price inflation at 7.6% y-o-y in March, any help to keep down price pressures is welcome news. We forecast that CPI will ease to 3.8% y-o-y by December, but the annual average figure to remain significantly