In Business Expectations, the traditional annual survey of the Economic Gazette, entrepreneurs gave the general state of the domestic economy in 2019 a rating of 2.48 (ranging from 1 to 5). In 2020, most expect a stagnation or even a decline in GDP, and they look similarly to the business climate in the country.
From April to June the German gross national product fell by 0.1 percent compared to the previous quarter, so there is a possibility that Europe's strongest economy goes into recession. It is similar in Italy. Since these countries are important importers of Croatian goods and services, the crisis there would reach us immediately.
Can the Filipinos save the Croatian metalworking industry and the plastics and rubber industry?
Croatian entrepreneurs started to import workers from the Philippines into tourism, and if they are already not doing it, they will soon be bringing workers from that distant country into construction. Engineers and workers from the neighbouring countries have already gone to Western Europe. Filipino workers are imported through their state agencies in a similar way that Croatian workers went to work to Germany forty and fifty years ago, with a contract guaranteeing that they will return to their state of residence where their years of employment are recorded and where they have health insurance the whole time they are abroad.