The first attempt at evaluation of NGEU's impact on CEE countries shows a mixed picture of significant progress in some areas and challenges in others. Continued focus on effective implementation, overcoming bottlenecks, and achieving the long-term goals of resilience and sustainability will be crucial for the success of the initiative. |
In this quarterly asset allocation update, we provide the typical Croatian EUR investor with an in-depth market analysis, explanations of the individual asset classes, and the optimal portfolios under various risk tolerance levels. |
In line with our expectations, the high-frequency data point to a mixed trend in economic activity in Q1 2024. A strong labour market, the continued increase in consumer optimism coupled with weakening inflationary pressures and the acceleration in consumer loan growth had a positive impact on retail sales. On the other hand, industrial production is still not showing any signs of recovery at the beginning of 2024. |
In this quarterly asset allocation update, we provide the typical Croatian EUR investor with an in-depth market analysis, explanations of the individual asset classes, and the optimal portfolios under various risk tolerance levels. |
Driven by personal consumption, but also fuelled by investment activity, Croatia recorded a strong real annual growth rate of 4.3% in Q4 2023. We expect private consumption to remain the main engine of positive developments in 2024. |