{"id":19587,"date":"2022-10-19T15:51:24","date_gmt":"2022-10-19T13:51:24","guid":{"rendered":"https:\/\/www.predsjednik.hr\/?post_type=news&p=19587"},"modified":"2022-10-19T15:51:26","modified_gmt":"2022-10-19T13:51:26","slug":"economic-council-of-the-president-of-the-republic-calls-on-government-to-target-societys-most-vulnerable-groups-with-its-aid-measures","status":"publish","type":"news","link":"https:\/\/www.predsjednik.hr\/en\/news\/economic-council-of-the-president-of-the-republic-calls-on-government-to-target-societys-most-vulnerable-groups-with-its-aid-measures\/","title":{"rendered":"Economic Council of the President of the Republic Calls on Government to Target Society\u2019s Most Vulnerable Groups with its Aid Measures"},"content":{"rendered":"\n

The President of the Republic Zoran Milanovi\u0107 participated in the 4th<\/sup> session of the Economic Council of the President of the Republic held on Wednesday at the Faculty of Economics, Business and Tourism of the University of Split. The Government\u2019s autumn aid package of measures to protect households and businesses against rising prices was analyzed at the Economic Council\u2019s session and economic expectations for 2023 were presented.<\/p>\n\n\n\n

According to an analysis by the Economic Council of the President of the Republic, the GDP growth rate for 2022 is expected to be six percent along with an expected inflation rate of ten percent. Projections are subjected to downward revision due to geopolitical uncertainties related to the price and availability of energy sources as well as available indicators of economic activity (trade and industrial production) and consumer expectations. According to the Economic Council, the uncertain environment will have a negative impact on the GDP\u2019s growth rate in the coming year as well. Therefore it is expected that GDP growth in 2023 will be one percent. The Economic Council also expects the inflation rate to slow down to 6.7 percent in 2023 due to the effect of the basis period, lower demand and a gradual normalization of raw material costs on the global market.<\/p>\n\n\n\n

The Economic Council of the President of the Republic supports the Government\u2019s efforts to help the household and business sector overcome challenges with aid packages. It is good that the Government has recognized and also incorporated in its last aid package the measures proposed by the Economic Council last July, i.e. aid package for society\u2019s most vulnerable groups. The Economic Council of the President of the Republic further calls on the Government to target society\u2019s most vulnerable groups as much as possible with the measures it adopts, which is in the spirit of the OECD\u2019s recommendations and responsible action given inflationary pressures.<\/p>\n\n\n\n

Participating in the meeting alongside President Milanovi\u0107 and the Special Adviser to the President of the Republic for the Economy Velibor Ma\u010dki\u0107, who is also Chair of the Economic Council, were the following members: \u0110ula Borozan, Bruno \u0106ori\u0107, Ana Grdovi\u0107 Gnip, Marina Tkalec, Tomislav Hernaus and Vinko Mu\u0161tra.<\/p>\n\n\n\n

\n \n <\/a>\n \n \n <\/a>\n \n \n <\/a>\n \n \n <\/a>\n \n <\/div>\n\n\n\n\n

PHOTO: Office of the President of the Republic of Croatia \/ Marko Beljan<\/p>\n","protected":false},"excerpt":{"rendered":"

The President of the Republic Zoran Milanovi\u0107 participated in the 4th session of the Economic Council of the President of the Republic held on Wednesday at the Faculty of Economics, Business and Tourism of the University of Split. The Government\u2019s autumn aid package of measures to protect households and businesses against rising prices was analyzed at the Economic Council\u2019s session and economic expectations for 2023 were presented.<\/p>\n","protected":false},"featured_media":19573,"template":"","news-cat":[12],"class_list":["post-19587","news","type-news","status-publish","has-post-thumbnail","hentry","news-cat-news"],"acf":[],"yoast_head":"\nEconomic Council of the President of the Republic Calls on Government to Target Society\u2019s Most Vulnerable Groups with its Aid Measures - President of the Republic of Croatia - Zoran Milanovi\u0107<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.predsjednik.hr\/en\/news\/economic-council-of-the-president-of-the-republic-calls-on-government-to-target-societys-most-vulnerable-groups-with-its-aid-measures\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economic Council of the President of the Republic Calls on Government to Target Society\u2019s Most Vulnerable Groups with its Aid Measures - President of the Republic of Croatia - Zoran Milanovi\u0107\" \/>\n<meta property=\"og:description\" content=\"The President of the Republic Zoran Milanovi\u0107 participated in the 4th session of the Economic Council of the President of the Republic held on Wednesday at the Faculty of Economics, Business and Tourism of the University of Split. 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