Recession looms in Germany, it will affect Croatia
Croatia’s largest export market
The chance of reoccurring economic recession is growing in Germany, where production has been falling in more than 80% of its industry and some of the manufacturing companies have shortened their working week. Croatia has no fresh data yet about the extent at which the national economy is feeling Germany’s problems, because, unlike in large countries, there is no regular monthly survey about the state of local companies. However, the national commerce chamber HGK has warned that Germany is Croatia’s largest export market, and as such has the biggest influence on Croatia’s economy.