Percorso:ANSA > Nuova Europa > Montenegro > Balkans: World Bank, growth to rebound 4.4% in 2021

Balkans: World Bank, growth to rebound 4.4% in 2021

But it will moderate in 2022 to 3.7%

10 June, 12:18
(ANSA) - BELGRADE, JUN 10 - Growth in the Western Balkans is forecast to rebound to 4.4% this year and moderate to 3.7% in 2022, "assuming consumer and business confidence revives as vaccination takes place and political instability ease," the World Bank said in its latest June 2021 Global Economic Prospects.

According to the World Bank, the GDP in Albania will grow 4.4% in 2021 and 3.7% in 2022; in Bosnia-Herzegovina 2.8% this year and 3.5% next year, in Montenegro 7.1% in 2021 and 4.5% in 2022, in North Macedonia 3.6% and 3.5% respectively, n Kosovo 4.0% and 4,5% and in Serbia 5.0% in 2021 and 3.7% next year.

"Activity in tourism-dependent economies, particularly Albania and Montenegro, will continue to be hampered by international travel restrictions," the report said. "Medium-term growth in Albania and North Macedonia should be boosted by accelerating structural reforms in preparation for EU membership, provided negotiations surrounding the accession process are not further delayed," the World Bank noted. (ANSA).

© Copyright ANSA - All rights reserved