Croatia's Economy in an Age of Polycrisis: The Risk of Turning Great Lap Times Into a Lost Race

It seems that the proper characterisation of events occuring over the last couple of years is the age of polycrisis and permacrisis. COVID-19 pandemic, Russia's brutal on slaught on Ukraine, the cost of living crisis, climate change, natural catastrophes such as earthquakes and the appearance of new disruptive technologies, to name just a few of them. It is as if there is no end in sight to the extended period of insecurity and instability.

In that regard the goal of this article is to investigate how Croatia has navigated this latest bout of instability. The central argument developed in this article is that Croatia has enjoyed a period of repeated successes over the last two years, not with standing previously mentioned calamities. In a nutshell, Croatia's economy and international standing, as reflected in the recent euro adoption and Schengen Area accession, have never been better since its independence.

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