The economic slowdown was mainly attributed to the slower growth of government consumption (1% vs 4.6% in Q4 2023).
Conversely, both household consumption (6% vs 5.3%) and gross fixed capital formation (10.8% vs 6%) increased at a faster pace.
On the external demand, imports grew by 2.2% (vs -7.1), while exports fell by 2% (vs -4.4%).
On a seasonally adjusted quarterly basis, Croatia's GDP advanced by 1%, following an upwardly revised 2% rise in the previous quarter.
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