Croatia: Stepping forward
Croatia's economy has not been immune from the global financial crisis, with business slowing down from the boom period seen a year ago. All the same, Croatia finds itself in a rather enviable position compared to its European Union (EU) neighbours. The European Commission has predicted that Croatia's economic growth will fall from its 2007 level of 5.6% to 3.5% this year, before bottoming out at 3% in 2009. By contrast, several EU countries are expected to fall into recession during this time. Croatia's gross domestic product is expected to recommence its upward climb in 2010, when a 4% growth rate is foreseen. "There is a financial crisis, but we're busy as hell," says Boris Savoric of Zagreb-based Savoric & Partners.
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