Economic growth in 2023 is estimated at 3.5%, supported by strong government consumption and some influential sectors such as construction and tourism and energy exports (see Table). The country had an exceptionally good tourist season in 2023, with the result that...
Economic growth has been strong in early 2023, but comes after slower economic growth in 2022 due to weaker private consumption and a larger drag from net exports[1]. Production growth had higher expectations but remained at the level of...
Serbia's economic growth accelerated in the second half of 2023, bringing GDP growth for the year to 2.5%, thanks to a better-than-expected performance of the agriculture and construction sectors, and a strong sector recovery of energy, after the crisis of...
The economy grew strongly in 2023, by around 6 percent, the highest in BP6, driven mostly by tourism, which exceeded 2019 levels, and the inflow of immigrants continued to support private consumption[1]. In 2024, tourism growth is expected...
Kosovo's economy has continued to perform well, despite the challenging external environment. Real GDP growth slowed to 3.3 percent in 2023, amid low growth in major trading partners and diaspora countries. Domestic demand was the main driver of the economy....
In 2023, the population of the Western Balkans (WB6) is 16.98 million inhabitants from 17.34 million inhabitants two years ago, with a decrease of 2.1% (360,000 people). The biggest decrease is felt in Serbia with 220,000 individuals less, in Albania...
Food inflation continued to decline for the 15th consecutive month, reaching 5.3% in February from 6.3% in January. OECD food inflation was lower than headline inflation for the first time since November 2021. Year-on-year inflation in the OECD, as measured by...
A fiscal policy that focuses on primary surpluses regardless of the stock of real debt, but combined with a monetary policy that ensures interest payments on outstanding debt, is assessed by international financial institutions as not causing debt to grow...
In the January 10, 2024 publication of the consumer price index (inflation) for December 2023, it is noted that its rate in December 2023 is 4.0% compared to the previous year. In December 2022, the inflation rate was 7.4%. The...
As the year 2023 came to a close, the Albanian economy is doing better than expected from last year's forecasts. But it can be said that this pace does not match the expectations of small and medium businesses and citizens....
