Real gross domestic product (GDP) in Croatia in the second quarter of this year increased by 0.2 percent compared to the first quarter , today announced the Croatian National Bank ( CNB), reminiscent of the first order estimation CBS fall of GDP 0.7 percent compared to last year’s second quarter and the seasonal adjustment of the CNB show that in the second quarter recorded a slight economic growth in the first three months. ” Favorable expectations of economic developments in the EU might prompt a slight increase in the domestic economy , but its medium-term outlook remains very low ,” the central bank’s analysts evaluated in the publication Economic trends , published on the web site of the CNB.
They point out that economic trends in the second quarter were strongly marked by the entry into the EU , which is a one- intensified international trade , and the introduction of fiscal cash register , which has contributed to a marked reduction of gray economy in the retail and hospitality sectors and increase state revenues .
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“However, the overall fiscal deficit is due to the growth of budget expenditures during the first six months almost reached the planned amount for the entire year . Effects of the introduction of fiscal cash register and the entry of Croatia into the EU will be able to accurately determine only after a time lag ,” noted the CNB.
