HR: 4Q24 GDP growth landed at 3.7% y/y
Instant Comment , 27. Feb.
Headline figure exceeding expectations
GDP continued to grow robustly in the fourth quarter of 2024, with the headline figure showing a 3.7% y/y increase, surpassing our expectations (EBCe 3.0% y/y) due to stronger domestic demand. The release wraps up FY24 average real GDP growth at relatively strong 3.8% y/y.
As 2025 goes we continue to expect GDP growth remaining in decent gear around 3%, with risks tilted to the downside, mostly owing to external environment and growing uncertainty. Domestic demand is anticipated to continue to support above-EU average growth momentum, while external demand, unsurprisingly, remains sensitive to EU growth dynamics.