BMI View: We forecast positive growth this year at Croatia's main port, the Port of Rijeka, both in terms of
tonnage and box throughput. While tonnage growth looks set to plateau at a steady 3%, we see relatively
high box throughput growth tapering off in the medium t ..."
BMI View: Activity at the main Croatian ports in 2015 will be mixed, with container traffic growing in a
3%-5% range, while bulk tonnage will fall at two ports, Rijeka and Sibenik, but will register a small
improvement at Plo?e. The reason for this disparate performan ..."
BMI believes annual bulk cargo percentage growth at Croatia's ports will remain in the low single digits in
2015, partly reflecting the standstill in the local economy and unspectacular growth rates in foreign trade. In
contrast however box traffic at the port of Rije ..."
BMI is bearish about Croatia's economic prospects this year, emphasizing that the continuing need to
deleverage over-indebted households and companies is scuppering the chances of recovery. We have cut
back out GDP forecast for 2014 from +0.4% in our last quarterly re ..."
Economy Set To Remain Flat In 2014
We remain somewhat pessimistic about the economic outlook for Croatia in 2014. Since our last quarterly
shipping report, we have trimmed back our predicted GDP growth further, to only 0.4% (previously 0.6%),
coming after an est ..."
BMI Industry View
2014 Outlook Reduced Again
The Croatian economy is set to recover in 2014, but after five consecutive years of retrenchment (negative
or zero growth), BMI is projecting a very weak and slow improvement. On the plus side, sentiment has
Recovery Not Expected Until 2014
We have again reduced our economic forecast for Croatia. We now expect GDP to contract by 0.4% 2013,
recovering with 1.1% expansion in 2014. In our last quarterly shipping report we had expected growth of
only 0.1% in 2013 1.3% i ..."
2013 Growth Forecast Reduced Again
This quarter we have again cut back our forecasts for the Croatian economy. This has been the result of
poor Q412 GDP numbers, along with continuing evidence of weak private consumption and sluggish
external demand. We expect t ..."
Growth Returns In 2013 - But Recovery Will Be Weak
Although we still expect the Croatian economy to recover in 2013, after four consecutive years of recession, we have become more pessimistic about the strength and speed of the rebound. The main positive will ..."
2012 Looking Like A Difficult Year For Croatian Ports
Although our forecast for the Croatian economy has not changed substantially compared to how we saw
things three months ago, and we are also sticking to our predictions for the ports and shipping sector, we
believe the down ..."