April 30, 2020 / 10:50 AM / a month ago

Croatia expects an economic contraction of 9.4% this year - PM

ZAGREB, April 30 (Reuters) - Croatia expects its economy to shrink by 9.4% this year, Prime Minister Andrej Plenkovic told a cabinet session on Thursday.

“In the last three years we’ve run a budget surplus. Now we face a strong economic contraction due to the coronavirus pandemic, so from now on we will focus on the economic recovery,” he said.

Originally Croatia projected a growth of 2.5%. The economy expanded 2.9% in 2019. (Reporting by Igor Ilic; Editing by Jon Boyle)

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