Publication:
Western Balkans Regular Economic Report, No. 14, Fall 2018: Higher but Fragile Growth

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dc.contributor.authorWorld Bank Group
dc.date.accessioned2019-07-15T21:06:00Z
dc.date.available2019-07-15T21:06:00Z
dc.date.issued2018-09-01
dc.description.abstractGrowth in the Western Balkans has strengthened to an estimated 3.5 percent. In most of the region, growth projections for 2018 have been revised upward. Growth was stimulated by higher public investment and consumption. Driven by tax reforms and faster growth, higher tax revenues created fiscal space, which some countries rushed to use for current spending and capital investment. Higher exports are also necessary for more secure long-term growth. External imbalances have been high but mostly stable. The risks clouding a positive growth outlook are both external and internal. A possible tightening of the financing conditions in international capital markets is a downside risk, especially in countries that have external and fiscal imbalances. With domestic sovereign bond markets often underdeveloped, Western Balkan countries are exposed to rises in global interest rates. Robust growth in the region also depends heavily on domestic and regional political stability, which define the speed of structural reforms. Mitigating these external and internal risks requires both a firm commitment to fiscal consolidation and acceleration of structural reforms.en
dc.identifierhttp://documents.worldbank.org/curated/en/111281562752461087/Western-Balkans-Higher-but-Fragile-Growth
dc.identifier.doi10.1596/32088
dc.identifier.urihttps://hdl.handle.net/10986/32088
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectECONOMIC GROWTH
dc.subjectPUBLIC SPENDING
dc.subjectJOB CREATION
dc.subjectEMPLOYMENT
dc.subjectTAXATION
dc.subjectMONETARY POLICY
dc.subjectEXPORTS
dc.subjectECONOMIC OUTLOOK
dc.subjectREGIONAL INTEGRATION
dc.titleWestern Balkans Regular Economic Report, No. 14, Fall 2018en
dc.title.subtitleHigher but Fragile Growthen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleWestern Balkans Regular Economic Report, No. 14, Fall 2018
okr.date.disclosure2019-07-10
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/en/111281562752461087/Western-Balkans-Higher-but-Fragile-Growth
okr.guid111281562752461087
okr.identifier.doi10.1596/32088
okr.identifier.externaldocumentum090224b086e276ff_1_0
okr.identifier.internaldocumentum31200522
okr.identifier.report138952
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/111281562752461087/pdf/Western-Balkans-Higher-but-Fragile-Growth.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryAlbania
okr.region.countryBosnia and Herzegovina
okr.region.countryKosovo
okr.region.countryNorth Macedonia (Formerly the Former Yugoslav Republic of Macedonia)
okr.region.countryMontenegro
okr.region.countrySerbia
okr.region.geographicalEastern Europe
okr.topicInternational Economics and Trade::Export Competitiveness
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicPoverty Reduction::Employment and Shared Growth
okr.topicSocial Protections and Labor::Employment and Unemployment
okr.unitEFI - ECA - MTIC - 2 (EECM2)
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