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Balkan economies remain resilient despite slow growth

Content type:: Expert Briefings
Location:: WESTERN BALKANS
Keywords associated with this article:: Geographic: Balkans EUR Albania Bosnia-Hercegovina Kosovo Montenegro North Macedonia Serbia EU Ukraine WESTERN BALKANS

Topical: economy industry international relations politics social energy fiscal foreign investment growth monetary aid banking government remittances wages
ISSN:: 2633-304X
Citation:: Oxford Analytica (2023), "Balkan economies remain resilient despite slow growth", Expert Briefings.
https://doi.org/10.1108/OXAN-DB278563

Friday, April 21, 2023

Significance

The WB6 have weathered the double shock of COVID and the Ukraine war yet weakening external demand, high inflation and tighter financing conditions are dampening growth.

Impacts

Fiscal balances in WB6 will come under pressure through 2023.
Political instability in Bosnia-Hercegovina will delay essential governance reforms.
Support by the EU and the IMF will provide a solid anchor for WB6 economies.
Energy-sector reform is key for longer-term growth and development across the region.

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Significance

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