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Economic Outlook

Western Balkan economies are seeing a rise in jobs, as regional growth is picking up and expected to reach 2.6 percent in 2017.

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Countries in the Western Balkans are seeing an increase in jobs, as growth is picking up throughout the region. Regional growth is expected to reach 2.6 percent in 2017, resulting in the creation of 230,000 jobs through June 2017. Serbia is estimated to grow 2.0 percent in 2017, before growing 3.0 percent in 2018 and 3.5 percent in 2019.

 

Economic growth, coupled with job creation, also contributed to a decline in the region’s poverty rate. At 23.6 percent, the projected rate for 2017 is a full percentage point lower than a year ago – this implies that about 124,000 people escaped poverty this year. 

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Stephen Ndegwa

Country Manager for Serbia, Europe and Central Asia Region

Lazar Šestović

Senior Country Economist, Serbia

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