Croatia’s gross domestic product is expected to increase by over 3.0% year-on-year in the second quarter of 2017 on the back of household consumption and exports of goods, the Croatian unit of Raiffeisenbank Austria said on Friday, SeeNews reported. “Household consumption is supported by lower taxation on labor, lower unemployment and modest but still positive developments in employment”, RBA said in a weekly CEE report. Tourism, too, is expected to have a large impact on the Croatian economy, as the sector has been growing by double digit rates in nominal terms, RBA judged. Croatia’s GDP growth slowed to 2.5% in the first quarter from 3.4% in the preceding quarter.
