Arab Today, arab today sp maintains croatias sovereign ratings
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

S&P maintains Croatia's sovereign ratings

Arab Today, arab today

Arab Today, arab today S&P maintains Croatia's sovereign ratings

International credit ratings agency
Zagreb - XINHUA

International credit ratings agency Standard and Poor's (S&P) on Friday maintained Croatia's "BB/B" sovereign credit rating with a stable outlook, but concerned about the country's consecutive recession and rising public debt.
In its report, S&P said that external balances are stable and S&P believed fiscal consolidation will occur within the confines of the European Commission's excessive deficit procedure.
Croatian real GDP will decline by 0.9 percent in 2014, a continue recession for the sixth year. The output has now diminished by 12.5 percent from 2008, S&P said, forecasting GDP growth of 0.6 percent in 2015 and rising to 2.0 percent by 2017.
The agency believes the absence of structural and fiscal reforms to drag on economic growth and cast doubts over the long-term sustainability of Croatia's public finances.
It said that the ratings are supported by medium-term opportunities coming from Croatia's EU accession in terms of addressing key growth areas, improving competitiveness, and meeting productivity challenges.
"However, these near-term economic benefits will be limited by existing structural challenges, political constraints to fiscal reforms, leveraged public- and private-sector balance sheets, and an unfavorable external environment", it said.
It viewed Croatia would likely take a bit longer to meet the EC's targets to reduced its budget deficit under 3 percent, forecasting the general government deficit will still be 4.8 percent of GDP in 2014, before gradually shrinking to 3 percent by 2017.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sp maintains croatias sovereign ratings Arab Today, arab today sp maintains croatias sovereign ratings

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sp maintains croatias sovereign ratings Arab Today, arab today sp maintains croatias sovereign ratings

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday