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The Balkans News™ > Blog > News > Balkans > Finance > Western Balkans’ Economic Growth to Quicken This Year and Next but Reforms Crucial to Bolster Long-Term Prospects
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Western Balkans’ Economic Growth to Quicken This Year and Next but Reforms Crucial to Bolster Long-Term Prospects

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Last updated: May 14, 2024 12:33 pm
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VIENNA, April 11, 2024 — Economic growth in the Western Balkans is projected to rise in 2024, with further acceleration expected in 2025, bringing it back to pre-pandemic averages. To narrow the development gap with the European Union and improve living standards for its people, the region needs to continue implementing reforms. This includes increasing investments to make cities greener, allowing them to contribute more efficiently to overall economic development, says the World Bank’s new Western Balkans Regular Economic Report, released today.

Economic activity in the Western Balkans is expected to increase to 3.2 percent…



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TAGGED:Albania(AL)Bosnia and Herzegovina(BA)economic growthEurope and Central Asia(ECA)Green GrowthKosovo(XK)Montenegro(ME)North Macedonia (MK)Serbia(RS)
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