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|ZAGREB Homme Air Max 97 Blanche Pas Cher , July 15 (Xinhua) -- Fitch Ratings has kept Croatia's rating at BB with a stable outlook, pointing out that Croatia's economy is benefiting from "favourable cyclical conditions", including its membership in the EU, but at the same time warning that the restructuring of its largest private company Agrokor will slow down growth in 2017 to 2.6 percent.
"The Croatian economy is benefiting from favourable cyclical conditions. Strengthening growth in regional trading partners, favourable wage and employment dynamics Air Max 97 Undefeated Sail Blanche Pas Cher , robust tourism receipts and improved absorption of EU funds, resulted in real GDP growth rising to three percent in 2016 (the fastest since 2007), and are likely to support performance in 2017", local media quoted latest Fitch report on Saturday.
However, Fitch analysts believe Nike Air Max 97 Undefeated Noir Pas Cher , the problems surrounding Agrokor will affect economic performances. Agrokor was placed into state administration in April and had debt of around 12 percent of GDP at the end of the first quarter this year.
Fitch expects the Agrokor fallout will extend to the company's suppliers and banks and that it will impact employment, investment and credit growth, and cause real GDP growth to slow to 2.6 percent in 2017 in the event of an orderly restructuring, with a further slowdown projected for 2018.
According to Fitch, Croatia's potential growth remains relatively weak in comparison to similar countries Femme 2018 Nike Air Vapormax Violet Pas Cher , at one to two percent, due to negative demographic trends, structural rigidity, on-going external debit levels and low investment during the 2009-2014 recession.
The report released on Friday nevertheless underscores that Croatia's public finances have improved, leading to the lifting of the Excessive Deficit Procedure by the EU in June.
Fitch forecasts that Homme Nike Air Vapormax Flyknit 2018 Bleu Pas Cher , after a sharp narrowing in the budget deficit in 2016 to 0.8 percent of GDP, the deficit is to widen to an estimated 1.4 percent of GDP in 2017 as revenues are affected by recent tax reform and the 2016 spending freeze ends.
Credit rating agency anticipates moderate deficits to 2019 as the authorities stick to their medium-term target of a structural deficit of 1.75 percent of GDP in line with the EU Growth and Stability Pact, commensurate with a primary surplus.
Fitch also projects "a decline of external indebtedness over the forecast horizon as robust tourism revenues support continued current account surpluses."
The rating agency points to the banking sector's strong capitalization with the capital adequacy ratio of 22.5 percent at the end of 2016, high liquidity and net external creditor position which will help absorb spillover effects from Agrokor.
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Wayne Rooney of Manchester United celebrates scoring their first goal during the preseason friendly match against Liverpool on Monday (US time) in Miami. Photo: CFP
Manchester United ended their US preseason tour on a high note on Monday (US time), rallying for a 3-1 triumph over English Premier League rivals Liverpool.
In the final of the International Champions Cup friendly tournament Homme Nike Air Vapormax CS Grise Marine Bleu Pas Cher , Louis van Gaal's men overturned an early Steven Gerrard penalty - the third spot kick United have conceded on tour - to claim victory through second-half goals from Wayne Rooney, Juan Mata and Jesse Lingard.
Brendan Rodgers' Liverpool, at the end of their own preseason tour of the US, provided easily the biggest test of United's preseason so far as the old foes clashed before 51,104 fans at Sun Life Stadium Homme Nike React Hyperdunk 2017 Flyknit Rouge Blanche Pas Cher , home of the NFL's Miami Dolphins.
United were perhaps less sharp than in their previous matches on the tour, but improved in the second half and head home with five victories from five matches under new manager Van Gaal.
Van Gaal, tapped more than two months ago to replace the sacked David Moyes at Manchester United, took the reins only after guiding the Netherlands to a third-place finish at the World Cup.
Although the gruff Dutchman was pleased with Monday's -victory, he was already focused firmly on August 16 and Swansea's visit to Old Trafford in their Premier League opener.
"It's nice for the fans in the USA and also at home that we beat Liver-pool Homme Nike React Hyperdunk 2017 Flyknit Blanche Marine Pas Cher ," he said. "I think we gave a lot of pleasure to the fans and that's very important.
"Of course, it's better to win than to lose in preseason, but the most important game is against Swansea City. That's the one we have to win."
Rooney captained Manchester United for the first time on the tour.
And after Gerrard beat David de Gea from the penalty spot in the 14th minute - after Raheem Sterling drew a challenge from Phil Jones, it was Rooney who grabbed the equalizer in the 55th.
Javier Hernandez flew down the right and sent in a cross that Rooney fired past Simon Mignolet.
Two minutes later, Luke Shaw's pass found Mata Off White x Nike Air Vapormax Noir Pas Cher , who beat Mignolet with a low shot to put United up 2-1.
Rooney was also involved in a brief controversy that flared in the 65th minute.
A long-range shot from United's Ashley Young bounced back into play off the goal frame and Rooney poked the ball home, only for officials to belatedly disallow the goal when they realized the ball had been out of play on the net behind the goal.
Lingard completed the scoring in the 88th munite, blasting Young's pass past Mignolet.
"It's obviously great to win the game and win the tournament," Rooney said. "We've worked hard in the preseason. Today in the fir. Ganso Brazil Jersey Anthony Martial France Jersey Danny Rose England Jersey Andres Escobar Colombia Jersey Dries Mertens Belgium Jersey Wholesale Uruguay Jerseys Cheap Switzerland Soccer Jerseys Wholesale Sweden Jerseys Wholesale Baltimore Orioles Jerseys Wholesale Miami Marlins Jerseys