According to a local think tank, the Zagreb Institute of Economics (EIZ), Croatia’s December economic performance points to real economic growth of 6.2% for the full year 2022. According to the EIZ press release, the fourth quarter of 2022 should have the lowest annual GDP growth. rate in 2022 at 3.6%.
According to EIZ, GDP decreased by 0.4% from the third quarter of 2022 to the fourth. A decline in seasonally adjusted quarterly GDP values in the fourth quarter shows that the Croatian economy had probably entered a technical recession, he added, especially as GDP in the third quarter of 2022 also posted a negative quarterly exchange rate.
EIZ projections are based on the EIZ Coincident Economic Index (CEIZ) for December, which showed a loss of 3.37 index points from the previous year and 0.36 index points from the previous month . There were fewer index components in December 2022, when examined separately: state budget revenue from VAT revenue, industrial production volume, and actual retail trade. However, the number of tourist arrivals registered a higher value.
Industrial production and retail trade production decreased in December compared to November. The other two components increased.
The statistics office will provide its fourth-quarter GDP growth projections on February 28. After a fall of 8.6% in 2020, Croatia’s economic output increased by a corrected real 13.1% in 2021.
Average net salary in Serbia will increase by 1.7% in real terms in 2022
The statistics office reported on Friday that Serbia’s average monthly take-home salary increased by a real 1.7% in 2022 after increasing by 5.4% the previous year. According to a statement from the statistics office, the average net salary will amount to 74,933 dinars (676/638 euros) in nominal terms in 2022.
Serbia’s average take-home pay fell 1.9% in December to 84,227 dinars. This is a nominal decrease of 1.6% from November. In real terms, the average take-home pay increased 7.0% in December compared to November, an increase of 2.9%.
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