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[June 24, 2014]
"Croatia Shipping Report Q3 2014" is now available at Fast Market Research [ClickPress (UK)]
(ClickPress (UK) Via Acquire Media NewsEdge) [ClickPress, Tue Jun 24 2014] Outlook For Croatia Gets Gloomier BMI is bearish about Croatia's economic prospects this year, emphasizing that the continuing need to deleverage over-indebted households and companies is scuppering the chances of recovery. We have cut back out GDP forecast for 2014 from +0.4% in our last quarterly report to -0.3% now. This rather grim projection means we believe the country's economy is going to contract for the sixth consecutive year. The single most important cause for this is the weakness of the Croatian consumer, deterred by high unemployment, low purchasing power, high debt, and low levels of confidence. While the financial position of the banks is now a little better, they are in no position to expand credit significantly. Likewise, as the government remains focused on reducing its fiscal deficit there is little chance of stimulation from this quarter. The construction industry outlook is bleak. Although the recent accession to the EU may bring some dynamism to infrastructure investment, we don't think this will be a game-changer. The contribution from net exports is also overshadowed by structural and competitiveness issues in the country's manufacturing sector. Our conclusion is that in the absence of new reforms, Croatia could be facing many more years of economic pain.
Full Report Details at -
Looking at the ports and shipping sector, we believe annual bulk cargo percentage growth will remain in the low single digits, although with GDP contracting, there are downside risks to this. The largely import and transit-led box traffic outlook is more encouraging, with growth in the higher single digits (between 5% and 10% per annum). This, at least in part, reflects the country's role as a regional gateway for transit trade. On the whole, we do not believe bulk tonnage handled at Croatia's main ports will exceed the record levels achieved back in 2007/08. On the container side, however, we see steady growth boosted by regional import demand.
Headline Industry Data * In 2014, port...
The Croatia Shipping Report has been researched at source and features latest-available data and Business Monitor International (BMI)'s independent forecasting, critically analysing international transport of dry bulk and containers. The report evaluates the global commodities and trade backdrop, alongside in-depth country-specific analysis of trade prospects. The report also contains company profiles covering leading multinational and national shipping companies and analysis of latest industry news, trends and regulatory developments in Croatia.
BMI's Croatia Shipping Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the shipping industry in Croatia. Key Benefits About Fast Market Research Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.
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You may also be interested in these related reports: - Venezuela Shipping Report Q3 2014 - Oman Shipping Report Q3 2014 - Iran Shipping Report Q3 2014 - Pakistan Shipping Report Q3 2014 - Malaysia Shipping Report Q3 2014 (c) 2014 ClickPress Provided by SyndiGate Media Inc. (Syndigate.info).
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