South East Europe Regular Economic Report, January 2015 : Coping with Floods, Strengthening Growth
Coping with Floods, Strengthening Growth, from the South East Europe Regular Economic Report explains that South East Europe s (SEE6) s economy is estimated to have stagnated in 2014 on the back of flood-induced contraction in Serbia and a sharp sl...
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| Format: | Economic Updates and Modeling |
| Language: | English en_US |
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World Bank, Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2015/01/23837882/coping-floods-strengthening-growth http://hdl.handle.net/10986/21314 |
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okr-10986-21314 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING AGRICULTURAL COMMODITY AMOUNT OF CAPITAL ARREARS ASSET QUALITY AUCTION AVERAGE DEBT BALANCE SHEETS BANK ASSET BANK LENDING BANK PROFITABILITY BANK RECAPITALIZATION BANKING SECTOR BANKING SECTOR ASSETS BANKING SECTORS BANKING SYSTEM BANKING SYSTEMS BASIS POINTS BOOK VALUE BROAD MONEY BUSINESS CONFIDENCE CAPITAL ADEQUACY CAPITAL EXPENDITURES CAPITAL FLOWS CAPITAL INFLOWS CAPITAL INVESTMENT CAPITAL MARKET CAPITAL STOCKS CAPITALIZATION CDS CENTRAL BANK CENTRAL BANKS COLLATERAL COMMODITY PRICES CONSOLIDATION CORRUPTION CREDIT GROWTH CREDIT LINES CREDITORS CURRENCY BOARD CURRENCY BOARD ARRANGEMENT CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT CURRENT ACCOUNT DEFICITS DEBT DEBT ACCUMULATION DEBT ISSUANCE DEBT LEVELS DEBT MANAGEMENT DEBT RESTRUCTURING DEBT SOURCE DEMAND FOR CREDIT DEMAND-SIDE FACTORS DEPOSIT DEPOSIT MOBILIZATION DEPOSITS DERIVATIVES DEVELOPING COUNTRIES DIRECT INVESTMENT DOMESTIC CURRENCY DOMESTIC DEBT ECONOMIC ACTIVITY ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS ECONOMIC GROWTH ECONOMIC POLICIES EMERGING ECONOMIES EMERGING MARKETS EMPLOYMENT EQUIPMENT EUROBOND EUROPEAN CENTRAL BANK EXCHANGE RATE EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORT PERFORMANCE EXPORTERS EXTERNAL BORROWING EXTERNAL DEBT FINANCIAL CRISIS FINANCIAL FLOWS FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL SECTOR DEVELOPMENT FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCING SOURCES FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICIES FLEXIBLE EXCHANGE RATE FOREIGN BANK FOREIGN BANKS FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN DEBT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVE FOREIGN INVESTORS GOVERNMENT FINANCING GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT HIGH-YIELD BOND HOLDING HOLDINGS HOST COUNTRIES HOUSEHOLD INCOMES HOUSEHOLDS HOUSING HUMAN CAPITAL INFLATION INFLATIONS INSOLVENCY REGIME INSURANCE INSURANCE COMPANIES INSURANCE MARKETS INTEREST EXPENDITURES INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL BOND INTERNATIONAL BOND MARKETS INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL INTEREST INTERNATIONAL INTEREST PAYMENT INTERNATIONAL SETTLEMENTS INVESTMENT CLIMATE INVESTMENT DECISIONS ISSUANCE JOB CREATION LABOR COSTS LABOR FORCE PARTICIPATION LABOR MARKET LABOR MARKETS LEGAL FRAMEWORK LEGAL FRAMEWORKS LEGAL SYSTEM LEGISLATIVE FRAMEWORKS LIQUIDITY LIQUIDITY RATIO LIVING STANDARDS LOAN LOAN-TO-DEPOSIT RATIOS LOCAL CURRENCY MACROECONOMIC POLICIES MACROECONOMICS MARKET CONDITIONS MARKET CONFIDENCE MARKET REFORMS MARKET SHARE MATURITIES MIGRATION MINIMUM WAGE MINISTRIES OF FINANCE MINORITY INVESTORS MONETARY POLICIES MONETARY POLICY MONEY SUPPLY NATIONAL BANKS NATURAL DISASTERS NEW MARKETS NON-PERFORMING LOANS NONPERFORMING LOANS NPL OIL PRICES PAYMENT OBLIGATIONS PENSION POLITICAL UNCERTAINTY PORTFOLIO PORTFOLIO INVESTMENT PORTFOLIO QUALITY PORTFOLIOS PRIVATE EQUITY PRIVATE INVESTMENTS PRIVATIZATION PRODUCTION CAPACITIES PRODUCTIVE INVESTMENT PRODUCTIVITY PUBLIC DEBT PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SPENDING RATES OF RETURN REAL INTEREST REAL INTEREST RATE REAL SECTOR RECESSION REGULATORY FRAMEWORKS REMITTANCE REMITTANCES RESERVE RESERVE ASSETS RESERVE REQUIREMENT RESERVES RETURN RETURN ON ASSETS RETURNS RISK MANAGEMENT RISK PROFILES SAVINGS SECURITIES SHORT-TERM DEBT SUBSIDIARIES SUBSIDIARY SUPERVISORY AUTHORITIES SURCHARGES TAX TAX LAWS TELECOMMUNICATIONS TRADE BALANCE TRADING TRANSPORT UNEMPLOYMENT VALUATIONS WAGES |
| spellingShingle |
ACCOUNTING AGRICULTURAL COMMODITY AMOUNT OF CAPITAL ARREARS ASSET QUALITY AUCTION AVERAGE DEBT BALANCE SHEETS BANK ASSET BANK LENDING BANK PROFITABILITY BANK RECAPITALIZATION BANKING SECTOR BANKING SECTOR ASSETS BANKING SECTORS BANKING SYSTEM BANKING SYSTEMS BASIS POINTS BOOK VALUE BROAD MONEY BUSINESS CONFIDENCE CAPITAL ADEQUACY CAPITAL EXPENDITURES CAPITAL FLOWS CAPITAL INFLOWS CAPITAL INVESTMENT CAPITAL MARKET CAPITAL STOCKS CAPITALIZATION CDS CENTRAL BANK CENTRAL BANKS COLLATERAL COMMODITY PRICES CONSOLIDATION CORRUPTION CREDIT GROWTH CREDIT LINES CREDITORS CURRENCY BOARD CURRENCY BOARD ARRANGEMENT CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT CURRENT ACCOUNT DEFICITS DEBT DEBT ACCUMULATION DEBT ISSUANCE DEBT LEVELS DEBT MANAGEMENT DEBT RESTRUCTURING DEBT SOURCE DEMAND FOR CREDIT DEMAND-SIDE FACTORS DEPOSIT DEPOSIT MOBILIZATION DEPOSITS DERIVATIVES DEVELOPING COUNTRIES DIRECT INVESTMENT DOMESTIC CURRENCY DOMESTIC DEBT ECONOMIC ACTIVITY ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS ECONOMIC GROWTH ECONOMIC POLICIES EMERGING ECONOMIES EMERGING MARKETS EMPLOYMENT EQUIPMENT EUROBOND EUROPEAN CENTRAL BANK EXCHANGE RATE EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORT PERFORMANCE EXPORTERS EXTERNAL BORROWING EXTERNAL DEBT FINANCIAL CRISIS FINANCIAL FLOWS FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL SECTOR DEVELOPMENT FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCING SOURCES FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICIES FLEXIBLE EXCHANGE RATE FOREIGN BANK FOREIGN BANKS FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN DEBT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVE FOREIGN INVESTORS GOVERNMENT FINANCING GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT HIGH-YIELD BOND HOLDING HOLDINGS HOST COUNTRIES HOUSEHOLD INCOMES HOUSEHOLDS HOUSING HUMAN CAPITAL INFLATION INFLATIONS INSOLVENCY REGIME INSURANCE INSURANCE COMPANIES INSURANCE MARKETS INTEREST EXPENDITURES INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL BOND INTERNATIONAL BOND MARKETS INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL INTEREST INTERNATIONAL INTEREST PAYMENT INTERNATIONAL SETTLEMENTS INVESTMENT CLIMATE INVESTMENT DECISIONS ISSUANCE JOB CREATION LABOR COSTS LABOR FORCE PARTICIPATION LABOR MARKET LABOR MARKETS LEGAL FRAMEWORK LEGAL FRAMEWORKS LEGAL SYSTEM LEGISLATIVE FRAMEWORKS LIQUIDITY LIQUIDITY RATIO LIVING STANDARDS LOAN LOAN-TO-DEPOSIT RATIOS LOCAL CURRENCY MACROECONOMIC POLICIES MACROECONOMICS MARKET CONDITIONS MARKET CONFIDENCE MARKET REFORMS MARKET SHARE MATURITIES MIGRATION MINIMUM WAGE MINISTRIES OF FINANCE MINORITY INVESTORS MONETARY POLICIES MONETARY POLICY MONEY SUPPLY NATIONAL BANKS NATURAL DISASTERS NEW MARKETS NON-PERFORMING LOANS NONPERFORMING LOANS NPL OIL PRICES PAYMENT OBLIGATIONS PENSION POLITICAL UNCERTAINTY PORTFOLIO PORTFOLIO INVESTMENT PORTFOLIO QUALITY PORTFOLIOS PRIVATE EQUITY PRIVATE INVESTMENTS PRIVATIZATION PRODUCTION CAPACITIES PRODUCTIVE INVESTMENT PRODUCTIVITY PUBLIC DEBT PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SPENDING RATES OF RETURN REAL INTEREST REAL INTEREST RATE REAL SECTOR RECESSION REGULATORY FRAMEWORKS REMITTANCE REMITTANCES RESERVE RESERVE ASSETS RESERVE REQUIREMENT RESERVES RETURN RETURN ON ASSETS RETURNS RISK MANAGEMENT RISK PROFILES SAVINGS SECURITIES SHORT-TERM DEBT SUBSIDIARIES SUBSIDIARY SUPERVISORY AUTHORITIES SURCHARGES TAX TAX LAWS TELECOMMUNICATIONS TRADE BALANCE TRADING TRANSPORT UNEMPLOYMENT VALUATIONS WAGES World Bank Group South East Europe Regular Economic Report, January 2015 : Coping with Floods, Strengthening Growth |
| geographic_facet |
Europe and Central Asia Eastern Europe ALBANIA Bosnia and Herzegovina Kosovo Macedonia, former Yugoslav Republic of Montenegro Serbia North Macedonia (Formerly the Former Yugoslav Republic of Macedonia) |
| relation |
South east europe regular economic report;no. 7 |
| description |
Coping with Floods, Strengthening
Growth, from the South East Europe Regular Economic Report
explains that South East Europe s (SEE6) s economy is
estimated to have stagnated in 2014 on the back of
flood-induced contraction in Serbia and a sharp slowdown in
Bosnia and Herzegovina and Montenegro. The regional economy
grew 0.2 percent in 2014, insufficient to improve living
standards or to make a dent in the region s high
unemployment rate. External demand for SEE6 exports was a
key positive contributor to economic growth in 2014 as the
region s exports gained market share, despite the weak
Eurozone performance and disappointing global recovery.
Domestic demand remained subdued because of delayed or
reduced public and private investments and weak consumption.
Devastating floods in large parts of the region further
weighed on the SEE6 economic activity in 2014. The weak
regional economic performance masks notable differences
among the SEE6 countries. In 2014, the Serbian economy is
estimated to have contracted by 2 percent for a third time
since the global crisis and Bosnia and Herzegovina is
stagnating. Economic growth rates in Kosovo and Montenegro
are estimated to have moderated in 2014. Only Albania and
FYR Macedonia showed signs of a more sustained recovery on
the back of increasing exports, particularly in the second
half of the year. The floods were the main culprit behind
the weak domestic demand and the overall sluggish economic
performance in SEE6. Robust exports only partially offset
the SEE6 s weak domestic demand, leaving external imbalances
in vulnerability. The average fiscal deficit in SEE6 is
estimated to have increased by 0.4 percent of GDP to 4.2
percent in 2014 due to faster growth in expenditures than
revenues. The SEE6 region as a whole is projected to grow
1.3 percent in 2015, supported by a slowly recovering
external demand, especially in Europe, and stabilization of
international energy prices at around current levels. |
| format |
Economic & Sector Work :: Economic Updates and Modeling |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
South East Europe Regular Economic Report, January 2015 : Coping with Floods, Strengthening Growth |
| title_short |
South East Europe Regular Economic Report, January 2015 : Coping with Floods, Strengthening Growth |
| title_full |
South East Europe Regular Economic Report, January 2015 : Coping with Floods, Strengthening Growth |
| title_fullStr |
South East Europe Regular Economic Report, January 2015 : Coping with Floods, Strengthening Growth |
| title_full_unstemmed |
South East Europe Regular Economic Report, January 2015 : Coping with Floods, Strengthening Growth |
| title_sort |
south east europe regular economic report, january 2015 : coping with floods, strengthening growth |
| publisher |
World Bank, Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2015/01/23837882/coping-floods-strengthening-growth http://hdl.handle.net/10986/21314 |
| _version_ |
1764447911961165824 |
| spelling |
okr-10986-213142021-04-23T14:04:01Z South East Europe Regular Economic Report, January 2015 : Coping with Floods, Strengthening Growth World Bank Group ACCOUNTING AGRICULTURAL COMMODITY AMOUNT OF CAPITAL ARREARS ASSET QUALITY AUCTION AVERAGE DEBT BALANCE SHEETS BANK ASSET BANK LENDING BANK PROFITABILITY BANK RECAPITALIZATION BANKING SECTOR BANKING SECTOR ASSETS BANKING SECTORS BANKING SYSTEM BANKING SYSTEMS BASIS POINTS BOOK VALUE BROAD MONEY BUSINESS CONFIDENCE CAPITAL ADEQUACY CAPITAL EXPENDITURES CAPITAL FLOWS CAPITAL INFLOWS CAPITAL INVESTMENT CAPITAL MARKET CAPITAL STOCKS CAPITALIZATION CDS CENTRAL BANK CENTRAL BANKS COLLATERAL COMMODITY PRICES CONSOLIDATION CORRUPTION CREDIT GROWTH CREDIT LINES CREDITORS CURRENCY BOARD CURRENCY BOARD ARRANGEMENT CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT CURRENT ACCOUNT DEFICITS DEBT DEBT ACCUMULATION DEBT ISSUANCE DEBT LEVELS DEBT MANAGEMENT DEBT RESTRUCTURING DEBT SOURCE DEMAND FOR CREDIT DEMAND-SIDE FACTORS DEPOSIT DEPOSIT MOBILIZATION DEPOSITS DERIVATIVES DEVELOPING COUNTRIES DIRECT INVESTMENT DOMESTIC CURRENCY DOMESTIC DEBT ECONOMIC ACTIVITY ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS ECONOMIC GROWTH ECONOMIC POLICIES EMERGING ECONOMIES EMERGING MARKETS EMPLOYMENT EQUIPMENT EUROBOND EUROPEAN CENTRAL BANK EXCHANGE RATE EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORT PERFORMANCE EXPORTERS EXTERNAL BORROWING EXTERNAL DEBT FINANCIAL CRISIS FINANCIAL FLOWS FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL SECTOR DEVELOPMENT FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCING SOURCES FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICIES FLEXIBLE EXCHANGE RATE FOREIGN BANK FOREIGN BANKS FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN DEBT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVE FOREIGN INVESTORS GOVERNMENT FINANCING GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT HIGH-YIELD BOND HOLDING HOLDINGS HOST COUNTRIES HOUSEHOLD INCOMES HOUSEHOLDS HOUSING HUMAN CAPITAL INFLATION INFLATIONS INSOLVENCY REGIME INSURANCE INSURANCE COMPANIES INSURANCE MARKETS INTEREST EXPENDITURES INTEREST RATE INTEREST RATES INTERNATIONAL BANK INTERNATIONAL BOND INTERNATIONAL BOND MARKETS INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL INTEREST INTERNATIONAL INTEREST PAYMENT INTERNATIONAL SETTLEMENTS INVESTMENT CLIMATE INVESTMENT DECISIONS ISSUANCE JOB CREATION LABOR COSTS LABOR FORCE PARTICIPATION LABOR MARKET LABOR MARKETS LEGAL FRAMEWORK LEGAL FRAMEWORKS LEGAL SYSTEM LEGISLATIVE FRAMEWORKS LIQUIDITY LIQUIDITY RATIO LIVING STANDARDS LOAN LOAN-TO-DEPOSIT RATIOS LOCAL CURRENCY MACROECONOMIC POLICIES MACROECONOMICS MARKET CONDITIONS MARKET CONFIDENCE MARKET REFORMS MARKET SHARE MATURITIES MIGRATION MINIMUM WAGE MINISTRIES OF FINANCE MINORITY INVESTORS MONETARY POLICIES MONETARY POLICY MONEY SUPPLY NATIONAL BANKS NATURAL DISASTERS NEW MARKETS NON-PERFORMING LOANS NONPERFORMING LOANS NPL OIL PRICES PAYMENT OBLIGATIONS PENSION POLITICAL UNCERTAINTY PORTFOLIO PORTFOLIO INVESTMENT PORTFOLIO QUALITY PORTFOLIOS PRIVATE EQUITY PRIVATE INVESTMENTS PRIVATIZATION PRODUCTION CAPACITIES PRODUCTIVE INVESTMENT PRODUCTIVITY PUBLIC DEBT PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SPENDING RATES OF RETURN REAL INTEREST REAL INTEREST RATE REAL SECTOR RECESSION REGULATORY FRAMEWORKS REMITTANCE REMITTANCES RESERVE RESERVE ASSETS RESERVE REQUIREMENT RESERVES RETURN RETURN ON ASSETS RETURNS RISK MANAGEMENT RISK PROFILES SAVINGS SECURITIES SHORT-TERM DEBT SUBSIDIARIES SUBSIDIARY SUPERVISORY AUTHORITIES SURCHARGES TAX TAX LAWS TELECOMMUNICATIONS TRADE BALANCE TRADING TRANSPORT UNEMPLOYMENT VALUATIONS WAGES Coping with Floods, Strengthening Growth, from the South East Europe Regular Economic Report explains that South East Europe s (SEE6) s economy is estimated to have stagnated in 2014 on the back of flood-induced contraction in Serbia and a sharp slowdown in Bosnia and Herzegovina and Montenegro. The regional economy grew 0.2 percent in 2014, insufficient to improve living standards or to make a dent in the region s high unemployment rate. External demand for SEE6 exports was a key positive contributor to economic growth in 2014 as the region s exports gained market share, despite the weak Eurozone performance and disappointing global recovery. Domestic demand remained subdued because of delayed or reduced public and private investments and weak consumption. Devastating floods in large parts of the region further weighed on the SEE6 economic activity in 2014. The weak regional economic performance masks notable differences among the SEE6 countries. In 2014, the Serbian economy is estimated to have contracted by 2 percent for a third time since the global crisis and Bosnia and Herzegovina is stagnating. Economic growth rates in Kosovo and Montenegro are estimated to have moderated in 2014. Only Albania and FYR Macedonia showed signs of a more sustained recovery on the back of increasing exports, particularly in the second half of the year. The floods were the main culprit behind the weak domestic demand and the overall sluggish economic performance in SEE6. Robust exports only partially offset the SEE6 s weak domestic demand, leaving external imbalances in vulnerability. The average fiscal deficit in SEE6 is estimated to have increased by 0.4 percent of GDP to 4.2 percent in 2014 due to faster growth in expenditures than revenues. The SEE6 region as a whole is projected to grow 1.3 percent in 2015, supported by a slowly recovering external demand, especially in Europe, and stabilization of international energy prices at around current levels. 2015-01-20T23:41:22Z 2015-01-20T23:41:22Z 2015-01 http://documents.worldbank.org/curated/en/2015/01/23837882/coping-floods-strengthening-growth http://hdl.handle.net/10986/21314 English en_US South east europe regular economic report;no. 7 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Economic & Sector Work :: Economic Updates and Modeling Europe and Central Asia Eastern Europe ALBANIA Bosnia and Herzegovina Kosovo Macedonia, former Yugoslav Republic of Montenegro Serbia North Macedonia (Formerly the Former Yugoslav Republic of Macedonia) |