The coronavirus is having a clear impact on international trade. And while European exchanges have recovered following yesterday's downturn, the effect on global trade is evident.
Croatian Deputy Prime Minister and Finance Minister Zdravko Marić was asked on Tuesday to comment on to what extent the virus has affected the national economy, and if it could trigger an economic crisis.
"It is very difficult to forecast what will happen, because the situation is changing on a daily basis. The situation is very serious, so I have to choose my words carefully. A lot of people are making off the cuff statements. No one in government is negating the problem, the problem is quite evident. But right now we cannot forecast the scope of its effect. No one can. Primarily because no one knows how long the coronavirus crisis will last," Marić said.
Minister Marić added that it is far too early to make any predictions regarding the national economy in 2020 and budgetary revenues: "Right now I don't want to speculate on what its effects will be. Our budgetary projection for economic growth GDP growth this year is 2.5 percent, it remains to be seen if we will have to adjust the figure down and if so by how much."