November 1 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) affirmed on Thursday its forecast of Croatia's 2018 economic growth at 2.7%, on the back of faster utilisation of EU funds.
"Risks to the projection are relatively balanced, with upside ones being the stronger than expected tourism revenues (with 2018 set to be another record high year) and faster utilisation of EU funds," the EBRD said in its latest Regional Economic Prospects report.
The lender also affirmed Croatia's 2018 growth forecast at 2.5%.
The EBRD warned that the outlook may be negatively affected by the skilled labour shortages and the country’s ailing food and retail giant Agrokor
In 2017, Croatia's economic growth accelerated to a revised 2.9%, from 3.5% expansion in 2016.