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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