Knowledge Note

Croatia’s current economic challenges include sluggish growth, excessive public spending, high unemployment, and a deteriorating external environment. Expenditure-based fiscal consolidation is therefore an urgent priority for Croatia to create future space for growth-enhancing spending. The country’s incomplete structural reform agenda needs attention and action to promote greater competitiveness and a shift to productivity-based, private sector-led growth. Croatia also faces the strategic challenge of maximizing the benefits of European Union (EU) membership, especially in terms of access to markets and the use of EU Structural Funds, requiring structural changes in the social sectors, education system, and business environment.

About the Presenters

Sanja Madzarevic-Sujster