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Economic activity is slowing in the Western Balkans, as investments and exports fade amid rising internal and external imbalances.

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Economic Analysis

Serbian economy needs to grow faster than the current growth rate of 3-4% annually.

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Economic Update

Children born today in Serbia will reach 76 percent of their potential at the age of 18, according to the new Human Capital Index.

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Growth projections in the Western Balkans region for 2018 have been revised upward and are now estimated to reach 3.5%. Growth was stimulated by higher public investment and consumption, while countries with higher growth rates boosted them mostly by investment and exports. Over 90,000 jobs were created in the first half of 2018, with new employment mostly in industry and services.

 

Kosovo and Albania are expected to grow at 4% this year. At 3.8%, Montenegro’s growth is projected to be 1 percentage point higher, although still lower than last year. Growth in Bosnia and Herzegovina continues to be stable at an estimated 3.2%. Serbia’s economy has rebounded to 3.5% growth after last year’s weather-related slowdown. North Macedonia’s growth also rebounded to 2.5%, as investor confidence was Restored.

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Experts

Stephen Ndegwa

Country Manager for Serbia, Europe and Central Asia Region

Lazar Šestović

Senior Country Economist, Serbia

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