THE IMPACT OF THE WORLD ECONOMIC CRISIS ON CROATIAN ECONOMY

Krajem 2008. godine financijska je kriza poprimila globalne razmjere i uzdrmala svjetsku ekonomiju. Neposredan pokretač krize bio je slom tržišta drugorazrednih hipotekarnih kredita u SAD-u, koji je za uzrok imao povećanje stope nezaposlenosti, smanjenje svjetskog bruto domaćeg proizvoda, bitno smanjenje stranih direktnih investicija, sve teže dobivanje kredita u inozemstvu i zapadanje u dužničku krizu velikog broja zemalja. Kriza je poprimila dramatične razmjere i dovela je do teške kreditne kontrakcije, pada vrijednosti na burzama diljem svijeta i kolapsa nekih od najvećih financijskih institucija. Ekonomska kriza u Hrvatskoj, koju karakterizira niska zaposlenost, visoki dug, odnosno prezaduženost, veliki deficiti i aprecirana valuta snažno je uzdrmana svjetskom ekonomskom krizom. Kriza u Hrvatskoj nije isključivo krenula zbog svjetske ekonomske krize jer su ekonomski problemi postojali od prije. Cilj ovog rada je prikazati razmjere krize te njen utjecaj na gospodarstvo Republike Hrvatske.By the end of 2008, the financial crisis went global and has shaken the world economy. The immediate driver of the crisis was the crash of subprime mortgage loans, which in effect caused an increase in unemployment rates, decline in the worlds GDP, a noticable decrease of direct foreign investments, increasing difficulty to obtain loans abroad, a debt crisis of entire countries. The crisis was taken to dramatic proportions and led to heavy credit contration, the fall of stock values on markets all over the world and the collapse of some of the biggest financial institutions. The economic crisis in Croatia, which is characterized by low employment rates, high debt, large deficits and an appreciated currency, was strongly potentiated by the worlds economic crisis. The crisis in Croatia was not directly started by the world crisis but was just a result of the global economic disorder. The purpose of this final paper is to show crisis proportion and it's influence on Croatia's republic's economy