South East Europe Regular Economic Report, No. 8, Fall 2015 : Growth Recovers, Risks Heighten
Economic activity in the six South East European countries (SEE6) is picking up speed, and growth in the region is expected to average 1.8 percent for 2015. The highest growth rates projected are 3.4 percent for Montenegro and 3.2 percent for FYR Macedonia; the lowest is Serbia’s 0.5 percent....
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| Format: | Report |
| Language: | English en_US |
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2015/09/25763111/growth-recovers-risks-heighten http://hdl.handle.net/10986/23684 |
| Summary: | Economic activity in the six South East
European countries (SEE6) is picking up
speed, and growth in the region is expected
to average 1.8 percent for 2015. The
highest growth rates projected are 3.4 percent
for Montenegro and 3.2 percent for FYR
Macedonia; the lowest is Serbia’s 0.5 percent.
Although they trail the rest of the SEE6
region, Serbia and Bosnia and Herzegovina,
which were hit heavily by floods in mid-2014,
are recovering faster than expected. As 2015
progresses, a recovery in domestic demand is
stimulating economic growth throughout the
region. Private investment has become the
main driver of growth. Developments in the
global economy have also helped, especially
lower oil prices and a pick-up in demand in the
European Union (EU), a major market for the
region. |
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