South East Europe Regular Economic Report, No. 8, Fall 2015

World Bank Group

South East Europe Regular Economic Report, No. 8, Fall 2015

2015

World Bank Group

Economic activity in the six South EastEuropean countries (SEE6) is picking upspeed, and growth in the region is expectedto average 1.8 percent for 2015. Thehighest growth rates projected are 3.4 percentfor Montenegro and 3.2 percent for FYRMacedonia; the lowest is Serbia’s 0.5 percent.Although they trail the rest of the SEE6region, Serbia and Bosnia and Herzegovina,which were hit heavily by floods in mid-2014,are recovering faster than expected. As 2015progresses, a recovery in domestic demand isstimulating economic growth throughout theregion. Private investment has become themain driver of growth. Developments in theglobal economy have also helped, especiallylower oil prices and a pick-up in demand in theEuropean Union (EU), a major market for theregion.

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AGROVOC Keywords

agriculture assets balance sheets bank loans banking systems budget capital consumption controlled prices costs credit debt deficit deflation demand development development strategy economic growth economic indicators economic policies exchange rate exports finance fiscal policies growth rate household income human capital incentives income inflation inputs international bank investment lending liquidity living standards loans macroeconomics markets monetary policies natural resources pensions poverty prices private investment product markets production projections public debt taxation taxes trade trends unemployment valuation value added wages welfare

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Other Subjects

Deficits; Financial crisis; Adverse impacts; Indexation; Goods; Central banks; Share; Aggregate demand; Economic developments; Value; Trade balance; Profit margin; Guarantee; Tax revenues; Arrears; Gdp; Net exports; Oil prices; Income levels; Labor market; Consumer price index; Currency; Exchange rates; Macroeconomic stability; Benchmark; Financial sector; Economic outcomes; Private credit; Expenditures; Total revenue; Outcomes; Exchange; Economy; Excise taxes; Economic activity; Credit growth; Interest rate; Central bank; Small business; Dividends; Return; Deposits; Economic performance; Exchange rate movements; Government debt; Averaging; Leading indicators; Export growth; Competitiveness; Real gdp; Investments; Government deficit; Payments; Inflation rates; Unemployment rate; Budget deficits; Options; Interest; Discouraged workers; Government budget; Government expenditures; Income growth; Monetary policy; Benefits; Trade deficit; Fiscal policy; Gdp per capita; Global economy; Purchasing power; Financial stability; Market; Lags; Commodity price; Economic outlook; Unemployment rates; Loan; Non-performing loans; Growth projections; Risks; Nonperforming loans; Externalities; Labor markets; Revenue; Fiscal deficits; Growth potential; Expectations; Productive investments; Revenues; Tax; Ownership structure; Market developments; Asset quality; Economic risks; Fiscal burden

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English

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South East Europe Regular Economic Report, No. 8, Fall 2015

2015

AGROVOC Keywords

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