Published on: 8.2.2010 | 11:38
Last update on: 8.2.2010 | 12:26
Last update on: 8.2.2010 | 12:26
FORECASTS
PBZ: Bailout measures to yield results at end-year
Author/source: SEEbizZAGREB - The downtrend in employment continued in December when a monthly drop of 1% was registered, compared to annual drop of 5.6%, the PBZ analysis reads.
It is difficult to estimate how much money will be placed and what the effects will be on economy considering the banks are disinclined to risk. At the same time, government's bailout model is still not being implemented.
"Under the assumption that bailout measures do inspire recovery and boost export, along with recovery in the Eurozone where GDP is set to rise 1%, which would lead to abolishment of the crisis tax and so increase domestic consumption, the results would not be evident prior to the third or fourth quarter", PBZ analyst Ana Lokin says.
Unemployment could reach 17% by 2011, analysts forecast, last registered in 2006, and the recovery will be slow.
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