Croatia Infrastructure Report 2016 - Business Monitor International - Industry Reports

Croatia Infrastructure Report 2016

Croatia Infrastructure Report 2016 - Business Monitor International - Industry Reports
Croatia Infrastructure Report 2016
Published Jan 30, 2016
67 pages — Published Jan 30, 2016
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Abstract:

The recession has laid the construction industry low by limiting government investment and weakening domestic demand. FDI is being hampered by an uncompetitive business environment in need of structural reforms aimed at lowering labour costs and shrinking bureaucracy. ...These will support the funding of the TEN-T transport corridors and TEN-E energy networks, which have a heavy weighting towards the less developed networks in Eastern and Central Europe. The transport sector likely to benefit most from the CEF is railways, as the EU looks to develop and modernise the Rhine-Danube, Orient-East Med and Baltic-Adriatic corridors to boost regional business and tourism ties. Providing downside risk to our forecasts, the intended privatisation of -,---km of motorway network was cancelled by Croatia s Prime Minister Zoran Milanovic on March --, ---- (IJGlobal, ----). ...Despite a certain enhancement in business environment, investment is expected to remain weak, pointing to remaining structural weaknesses. We expect a relatively low real GDP growth of -.- y-o-y in ----, due to strong pressure for fiscal adjustment aimed at reducing the country s yawning budget deficit (Our Country Risk team predicts an EU/IMF bailout will be needed to plug funding gaps) and the slow implementation of reforms aimed at improving the business environment.

...In Q---, Croatia s real GDP increased by -.- , compared to Q---. Final consumption expenditure of households increased in Q--- by -.- . ...Imports of goods and services increased by -.- due to the increase of -.- in the imports of goods and of -.- in imports of services (Croatian Bureau of Statistics, ----). The largest positive contribution to the GDP volume change in Q--- was the increase in exports of goods and services, among which, export of tourism goods and services is the most important. In Q--- real GDP increased by -.- , compared to Q---, while the country s real GDP increased by -.- in Q---, compared to Q--- (Croatian Bureau of Statistics, ----). ...In Q--- real GDP increased by -.- , compared to Q---, while the country s real GDP increased by -.- in Q---, compared to Q--- (Croatian Bureau of Statistics, ----). As announced in October ----, IMF forecasts a real growth of -.- and -.- in ---- and ---- respectively for Croatia; the latter is in line with our forecasts.

...BMI View: Croatia will gently move out of recession in ---- with a paltry -.- real GDP growth, according to our projections, amid an environment of fiscal initiatives and public sector cuts aimed at reducing the yawning budget deficit, all ahead of an increasingly likely EU/IMF bailout in the near future. The investment environment is being impacted by the poor economic scenario and the only real hope for infrastructure is in the form of large funds available through EU facilities, of which, fortunately, there are many. ...

  
Source:
Document ID
1754-4211
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Croatia Infrastructure Report 2016" Jan 30, 2016. Alacra Store. Dec 02, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Croatia-Infrastructure-Report-2016-2026-613>
  
APA:
Business Monitor International - Industry Reports. (2016). Croatia Infrastructure Report 2016 Jan 30, 2016. New York, NY: Alacra Store. Retrieved Dec 02, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Croatia-Infrastructure-Report-2016-2026-613>
  
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