This project could stimulate economic growth, but in the short term, or at a time when money is obt

Author: Marina Šunjerga
Privacy low interest rates will continue in 2015, and monetary escalation is expected only in 2016. Luis Oganes, head of JP Morgan for emerging markets, one of the five largest incoterms 2012 investment banks in the world, in Vecernji List calls upon the Government to urgent reforms already next year.
It is difficult to predict the crash, it usually happens. However, I can say that, although the interest rate, and thus the price of money in the developed incoterms 2012 world remain low until 2016, emerging markets must be prepared for the world of high interest rates, which means that they must carry out reforms and restructuring next year. Homework must be written.
Global liquidity at such a level that Croatia will be able to refinance a portion of the bond. This will be an opportunity and 2015. However, Croatia has a negative growth for several years and did not utilize the advantages of joining the EU. Import to export ratio is the lowest in Eastern Europe as a clear message incoterms 2012 that you need to make reforms to become more attractive to companies that could start production in Croatia.
This project could stimulate economic growth, but in the short term, or at a time when money is obtained it is placed in the system. Croatia has much bigger problems because it unattractive in several fields. Reduces the working population, which means that the labor market will fall as the supply and the problem should be solved reforms. Also, Croatia is a country incoterms 2012 with the highest taxes in Eastern Europe and tax policy refuses to investors in some sectors. Unfortunately, it is difficult to expect that the level of deficits that have government cut taxes, but there must be a compromise between public spending and competitiveness.
Deficit, according to the figures that I have, over five percent, it is clear that it will take several years to the level of deficit fell below three percent. In no country in the world an election year for the politicians is not the time in which they want to implement fiscal consolidation. However, the Government and the opposition would have to find that the necessity of reforms and austerity will not disappear, but they will remain unperformed work for the next term. Such a large deficit with poor growth can only increase the public debt, which has already grown to a level that is due to it's credit rating downgraded Croatian. This increases the cost of borrowing and the state and the private sector and citizens and spins you into a vicious circle. Fiscal consolidation and reforms are inevitable, a happy circumstance that the money due to the state of the markets to arrive incoterms 2012 in the region and Croatia.
We are investors in public debt. Croatia makes 2.5 percent EMBIG, the index of bonds of emerging market countries. This year we predicted rate of return between 10 and 13 percent, incoterms 2012 and in 2015 we expect an additional incoterms 2012 five percent return, which means that there will be demand for Croatian bonds, or to investors were willing to invest in them, must see moves that will lead to economic growth in medium term. The elections will mark the next year so I hope it will not paralyze reforms. There is no time to waste. If the government was waiting to pass all the choices that are before you, will miss the opportunity that it gives low interest rates in the global markets. Wait for 2016 it would be very, very risky!
on the one hand seeking to reform and debt reduction, on the other hand again encourages the bass the universal borrowing and spending. prices fall, interest rates at zero, obviously markets across the EU and the world are at the greatest collapse, incoterms 2012 it means stagnation of production, mass unemployment and general sale, with the money evaporates and values remain (to someone). with banks now begins in the spring slij. year. great fishing. incoterms 2012
on the one hand seeking to reform and debt reduction, incoterms 2012 on the other hand again encourages the bass the universal borrowing and spending. prices fall, interest rates at zero, obviously markets across the EU and the world are at the greatest collapse, it means stagnation of production, mass unemployment and general sale, with the money evaporates and values remain (to someone). with banks now begins in the spring slij. year. great fishing.
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