It has taken Croatia over a decade to reach the level of output it enjoyed before the 2008 crisis, highlighting the economy’s weak resilience to shocks and the poor ability of its institutions and policies to ensure a faster recovery. The recovery started only in 2015 but in 2020 Croatia is again facing a deep downturn due to the COVID-19 (Coronavirus) pandemic that resulted in a global economic shock of unprecedented magnitude. Country’s economic...
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