Friday, June 29, 2007

Croatian Economy Grew at Fastest Pace in More Than Four Years Last Quarter

(Bloomberg) -- The economy of Croatia, the next
country in line to join the European Union, unexpectedly grew at
the fastest pace in four-and-a-half years in the first quarter as
consumer spending and industrial output increased.

Gross domestic product rose an annual 7 percent in the
quarter, the state statistical office said on its Web site today.
This is higher than the 5.5 percent median estimate of six
economists in a Bloomberg survey and the highest growth since the
third quarter in 2002, when the economy grew 7.04 percent.


Read more at Bloomberg Emerging Markets News

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