on the
estimate of the potential GDP in Croatia 27
3.3 Price developments 30
Box...and inflation in Croatia 34
3.4 Economic relations with foreign countries 38
...
and challenges
to financial stability policy 7
Macroeconomic environment 9
Box...net interest margins
in Central and Eastern Europe 18
Government sector 21
...
5
Prices, exchange rates and financing conditions 5
Projected developments 5
Box...1 Tax reform in the USA and its potential macroeconomic
effects 8
...
1 Tourism in the time of pandemic 22
Box 2 Price competitiveness of Croatia’s tourism...33
8 Foreign capital flows 35
Projected developments 36
9 Monetary policy 37...
Croatian economy 12
2.1 Real developments 12
2.2 Labour market 13
2.3 Inflation 15
Box...1 Estimation of the impact of euro adoption on inflation 19
...
and unemployment 11
Wages and unit labour costs 12
Projected developments 12
Box...countries:
results of a firm survey 13
5 Inflation 16
Projected developments 17
...
and demand 9
Aggregate demand 9
Aggregate supply 11
Projected developments 12
Box...Assessing the impact of assumptions about tourism
trends on GDP growth forecasts 13...
