Tuesday, 17 September 2019
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Moody's changes Croatia's financial outlook to positive

By  Apr 27, 2019

The renowned credit rating agency Moody’s has changed their financial forecast for Croatia from stable to positive. The American based agency stated that “the improved fiscal performance is mainly attributable to a significant reduction in the structural deficit, meaning that public finances are strengthening in a durable way."

The agency expects a solid surplus of the primary balance to be maintained in the coming years.

"Under its base case scenario, Moody's expects that continued fiscal prudence and positive economic growth will allow public debt to continue its downward trend and reach around 70% of GDP in 2020," reads the report on Croatia.

The Voice of Dubrovnik


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