Publication:
Western Balkans Regular Economic Report no. 21, Spring 2022: Steering Through Crises

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dc.contributor.authorWorld Bank
dc.date.accessioned2022-05-03T17:52:13Z
dc.date.available2022-05-03T17:52:13Z
dc.date.issued2022-05-04
dc.description.abstractJust as the economies of the Western Balkans were looking to growth recovery beyond the pandemic, a new set of challenges confronted the region. The economies of the Western Balkans saw a strong growth rebound in 2021 with a broad-based bounce back in economic activity. Financial stability remains sound due to support measures, but vigilance will be needed given exceptional uncertainty. There was especially strong growth in trade in 2021 as the region benefited from a recovery in global demand, but the conflict between Russia and Ukraine is expected to disrupt this trend. The economies of the Western Balkans now face an unusually uncertain outlook. An expanded conflict or prolonged war between Russia and Ukraine can trigger further disruptions to global trade and to energy and food prices. Refinancing risks can arise if external financial market conditions continue to tighten. Debt sustainability may become a concern if limited fiscal space is eroded by policy responses to higher energy and food prices. Risks of political polarization also remain.en
dc.identifierhttp://documents.worldbank.org/curated/en/099236004262237525/P17720607706c30e90841607b7d53ee8106
dc.identifier.doi10.1596/37368
dc.identifier.urihttps://hdl.handle.net/10986/37368
dc.languageEnglish
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesWestern Balkans Regular Economic Report;21
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectDEBT MANAGEMENT
dc.subjectARMED CONFLICT
dc.subjectECONOMIC UNCERTAINTY
dc.subjectFINANCIAL AND MONETARY STABILITY
dc.titleWestern Balkans Regular Economic Report no. 21, Spring 2022en
dc.title.subtitleSteering Through Crisesen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleWest Balkans Regular Economic Report no. 21, Spring 2022
okr.date.disclosure2022-05-04
okr.date.doiregistration2025-05-07T10:28:55.240643Z
okr.date.lastmodified2022-04-27T00:00:00Zen
okr.doctypeReport
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099236004262237525/P17720607706c30e90841607b7d53ee8106
okr.guid099236004262237525
okr.identifier.externaldocumentum33800647
okr.identifier.internaldocumentum33800647
okr.identifier.report170956
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099236004262237525/pdf/P17720607706c30e90841607b7d53ee8106.pdfen
okr.region.administrativeEurope and Central Asia
okr.topicMacroeconomics and Economic Growth
okr.topicMacroeconomics and Economic Growth::Economic Conditions and Volatility
okr.topicMacroeconomics and Economic Growth::Economic Insecurity
okr.topicMacroeconomics and Economic Growth::Macroeconomic Management
okr.topicMacroeconomics and Economic Growth::Regional Economic Development
okr.unitEFI-ECA-MTI-MacroFiscal-2 (EECM2)
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