Key View

• The populist Zivi zid party is gaining support according to opinion polls, raising concerns that Croatia could take a eurosceptic turn should the governing coalition break up.
• The next major electoral test for the party is the May 2019 European Parliament election, where a strong showing could show the party as a real challenge to the

Key View

• The current account surplus will narrow gradually, driven by slowing tourism growth and a strong outlook for private consumption, boosting import demand.
• Croatia's net international investment position ( NIIP) will continue to improve with consecutive current account surpluses.

Forecast Changes

• We have revised down our current

Key View:

• Opportunities for patented drugmakers will be limited by healthcare funding issues.
• Most major multinational drugmakers are present in the market but activity is limited to clinical trials and marketing.
• Investment by innovative pharmaceutical firms will remain concentrated in Western Europe.

Forecasts:

We forecast patented