The European Bank for Reconstruction and Development (EBRD) on Thursday slightly downgraded its forecast for economic growth of European emerging markets in this and next year.
The new data announced on Friday project a 1.3 percent drop in Croatia.
Warning that austerity measures are hindering the recovery in the region, the EBRD now projects that emerging markets in Europe will this year record a 3.5 percent growth rate, as against 3.7 percent that was projected in May.
The growth rate for 2011 also went down from 4 percent to 3.9 percent.
This year Croatia will record a 1.3 percent decrease in economic activities, while the projections for May said the economic activities would go up by 0.3 percent.
