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Economy And The Numbers

Croatia Q1 GDP Growth Weakest In 5 Years

By Jyotsna V   ✉  | Published:  | Google News Follow Us  | Join Us

Croatia's economy grew at the slowest pace in just over five years in the first quarter of this year amid a slower growth in consumption and investments as well as the slump in exports and imports, preliminary data from the Croatian Bureau of Statistics showed on Thursday.

Gross domestic product rose an unadjusted 2.2 percent year-on-year following a 3.9 percent increase in the previous quarter. The outcome was the weakest since the fourth quarter of the Covid year 2020, when the economy shrunk, as well as the slowest pace of expansion since the final three months of the year 2019.

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