An analysis of the business cycles in Croatia

Commissioned by: Ministry of Finance of the Republic of Croatia 
Project duration: 1995–2013
Project manager: Maruška Vizek, PhD

Brief outline: 
The primary goal of the project was to continuously develop the leading indicators system, which enabled forecasting the turning points in business cycles and growth cycles of real economic activity. Along with the development of the system, the project aimed to calculate the CROLEI leading indicator on a monthly basis. Calculated values of the indicator were then used as a basis for making forecasts on the real economic activity. The purpose of CROLEI and its forecasts was to enable economic policy-makers to act in a timely manner in order to prevent adverse fluctuations of the business cycle.