The recent partial rebound in the price of crude oil has ameliorated some of the benefits arising from its earlier sharp decline. A further risk is a possible Grexit and other geopolitical risks. On the domestic front, growth continues to disappoint, and the medium term growth outlook is likely to be constrained due to the binding electricity constraints.
We hope to launch this coin set in early 2007 and it already promises to be a very popular collector’s item. Looking at our respective central banking histories, it is clear that Croatia had to take a remarkable number of steps in a very short space of time and, moreover, in a very hostile environment.