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. 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.

Bibliographic Details

Main Author:	World Bank Group
Format:	Report biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2015-09
Subjects:	LIVING STANDARDS, TOTAL REVENUE, MONETARY POLICY, DEFICIT, RISKS, UNEMPLOYMENT RATES, GOVERNMENT EXPENDITURES, ECONOMIC GROWTH, DEPOSITS, PRODUCTION, EXCISE TAXES, LAGS, ADVERSE IMPACTS, VALUATION, MARKET DEVELOPMENTS, FISCAL DEFICITS, DEFLATION, INCOME, INTEREST, GOVERNMENT DEFICIT, PROJECTIONS, EXPECTATIONS, INTEREST RATE, REAL GDP, PRIVATE CREDIT, EXCHANGE, ECONOMIC DEVELOPMENTS, GDP PER CAPITA, INDEXATION, LIQUIDITY, EXPORTS, BANKING SYSTEMS, REVENUES, FISCAL POLICY, WELFARE, INCENTIVES, LOAN, TAX, INPUTS, NON-PERFORMING LOANS, PAYMENTS, CENTRAL BANKS, INFLATION, INTERNATIONAL BANK, TRENDS, ECONOMIC OUTLOOK, BUDGET, CENTRAL BANK, ECONOMIC ACTIVITY, DEVELOPMENT, SMALL BUSINESS, MACROECONOMIC STABILITY, LABOR MARKET, FISCAL POLICIES, TRADE BALANCE, OIL PRICES, GLOBAL ECONOMY, COSTS, CURRENCY, EXPORT GROWTH, EXCHANGE RATE MOVEMENTS, INCOME GROWTH, EXCHANGE RATES, OPTIONS, EXTERNALITIES, NET EXPORTS, MARKETS, DEBT, PRIVATE INVESTMENT, HOUSEHOLD INCOME, RETURN, DEFICITS, BUDGET DEFICITS, INCOME LEVELS, ECONOMIC POLICIES, LOANS, TAX REVENUES, DIVIDENDS, NATURAL RESOURCES, AVERAGING, COMMODITY PRICE, FINANCE, TAXES, PROFIT MARGIN, UNEMPLOYMENT, LEADING INDICATORS, ECONOMIC RISKS, CONSUMPTION, HUMAN CAPITAL, VALUE ADDED, GOVERNMENT BUDGET, ECONOMIC PERFORMANCE, CAPITAL, WAGES, OWNERSHIP STRUCTURE, ECONOMIC OUTCOMES, DISCOURAGED WORKERS, FINANCIAL STABILITY, UNEMPLOYMENT RATE, FINANCIAL CRISIS, VALUE, PENSIONS, COMPETITIVENESS, FISCAL BURDEN, CREDIT, MACROECONOMICS, TRADE DEFICIT, PURCHASING POWER, DEVELOPMENT STRATEGY, DEMAND, AGGREGATE DEMAND, ECONOMY, AGRICULTURE, EXPENDITURES, ASSET QUALITY, ASSETS, MARKET, BENCHMARK, MONETARY POLICIES, PUBLIC DEBT, PRODUCTIVE INVESTMENTS, INFLATION RATES, TAXATION, GOVERNMENT DEBT, TRADE, GDP, GOODS, BANK LOANS, GROWTH RATE, INVESTMENT, SHARE, CONTROLLED PRICES, BALANCE SHEETS, POVERTY, PRODUCT MARKETS, REVENUE, ECONOMIC INDICATORS, INVESTMENTS, CONSUMER PRICE INDEX, LENDING, CREDIT GROWTH, EXCHANGE RATE, LABOR MARKETS, OUTCOMES, FINANCIAL SECTOR, ARREARS, GROWTH POTENTIAL, PRICES, GUARANTEE, GROWTH PROJECTIONS, NONPERFORMING LOANS, BENEFITS,
Online Access:	http://documents.worldbank.org/curated/en/2015/09/25763111/growth-recovers-risks-heighten http://hdl.handle.net/10986/23684
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