In Croatia, the COVID-19 pandemic ended a period of robust economic growth and declining macroeconomic imbalances. The twin deficits in the fiscal balance and the current account had become surpluses after 2015, and by the beginning of 2020, the seasonally adjusted unemployment rate had fallen from a peak of 17.5 % in 2014 to 6%, which is comparable to the EU-27 average unemployment rate.
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