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IMPEDIMENTS TO CROATIAN CONSUMPTION.
(From Market - Europe)
Croatia is experiencing a moderate amount of economic expansion, but there are a number of factors that are preventing the private sector from living up to its consumption potential. Before household consumption can achieve a pattern of sustainable healthy growth, consumers must gain a greater sense of job stability
The Croatian government has not yet come to grips with massive structural unemployment that came about when inefficient public industry was forced to face private competition at home and abroad. Not only does high unemployment undermine consumer confidence but it robs households of much-needed income. Emigration, coupled with a negative rate of population growth will undermine demand for consumer goods for years to come. According to PRB data, Croatia's rate of natural population ...
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