April 11 (SeeNews) – The World Bank said on Thursday it expects Croatia’s economy to expand by 3.0% in 2024, up by 0.3 percentage points compared to the bank’s previous prediction made in January.
“The medium-term outlook is relatively favourable due to robust domestic demand, underpinned by a tight labour market, a strong inflow of EU funds, and slowly improving external demand,” it said in its report Europe and Central Asia Economic Update.
Croatia’s economic growth at 2.8% remained well above EU average in 2023, supporting income convergence, the World Bank said.
The global lender expects the Adriatic country’s economic…