You are looking at 1 - 1 of 1 items for :

  • Type: Journal Issue x
  • Cross-cutting issues x
  • Macroeconomics and Monetary Economics x
  • Industries: Hospital,Travel and Tourism x
  • International Agreements and Observance; International Organizations x
  • Health and Fitness x
  • Money and Monetary Policy x
  • International agencies x
  • Hospitality, leisure & tourism industries x
  • Diseases: Contagious x
  • Public debt x
  • Financial institutions x
  • Financial and monetary sector x
  • Expenditures, Public x
Clear All Modify Search
International Monetary Fund. European Dept.
As other emerging economies reliant on tourism (about 25 percent total contribution of tourism-related industries in GDP and employment), Croatia has been hit hard by the pandemic and two devastating earthquakes, leading the economy to contract by 8.0 percent in 2020. Vaccinations have been rolled out to about 38 percent of the population (end-June 2021). Staff projects growth to bounce back to 5.4 percent in 2021, driven by a rebound in the services sector and investment, aided by fiscal and monetary policies, and bolstered by large EU grants over the medium-term.