South East Europe Regular Economic Report, No. 8, Fall 2015
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World Bank, Washington, DC
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Economic activity in the six South East
European countries (SEE6) is picking up
speed, and growth in the region is expected
to average 1.8 percent for 2015. The
highest growth rates projected are 3.4 percent
for Montenegro and 3.2 percent for FYR
Macedonia; the lowest is Serbia’s 0.5 percent.
Although they trail the rest of the SEE6
region, Serbia and Bosnia and Herzegovina,
which were hit heavily by floods in mid-2014,
are recovering faster than expected. As 2015
progresses, a recovery in domestic demand is
stimulating economic growth throughout the
region. Private investment has become the
main driver of growth. Developments in the
global economy have also helped, especially
lower oil prices and a pick-up in demand in the
European Union (EU), a major market for the
region.
Palabras clave
LIVING STANDARDS, TOTAL REVENUE, MONETARY POLICY, DEFICIT, RISKS, UNEMPLOYMENT RATES, GOVERNMENT EXPENDITURES, ECONOMIC GROWTH, DEPOSITS, PRODUCTION, EXCISE TAXES, LAGS, ADVERSE IMPACTS, VALUATION, MARKET DEVELOPMENTS, FISCAL DEFICITS, DEFLATION, INCOME, INTEREST, GOVERNMENT DEFICIT, PROJECTIONS, EXPECTATIONS, INTEREST RATE, REAL GDP, PRIVATE CREDIT, EXCHANGE, ECONOMIC DEVELOPMENTS, GDP PER CAPITA, INDEXATION, LIQUIDITY, EXPORTS, BANKING SYSTEMS, REVENUES, FISCAL POLICY, WELFARE, INCENTIVES, LOAN, TAX, INPUTS, NON-PERFORMING LOANS, PAYMENTS, CENTRAL BANKS, INFLATION, INTERNATIONAL BANK, TRENDS, ECONOMIC OUTLOOK, BUDGET, CENTRAL BANK, ECONOMIC ACTIVITY, DEVELOPMENT, SMALL BUSINESS, MACROECONOMIC STABILITY, LABOR MARKET, FISCAL POLICIES, TRADE BALANCE, OIL PRICES, GLOBAL ECONOMY, COSTS, CURRENCY, EXPORT GROWTH, EXCHANGE RATE MOVEMENTS, INCOME GROWTH, EXCHANGE RATES, OPTIONS, EXTERNALITIES, NET EXPORTS, MARKETS, DEBT, PRIVATE INVESTMENT, HOUSEHOLD INCOME, RETURN, DEFICITS, BUDGET DEFICITS, INCOME LEVELS, ECONOMIC POLICIES, LOANS, TAX REVENUES, DIVIDENDS, NATURAL RESOURCES, AVERAGING, COMMODITY PRICE, FINANCE, TAXES, PROFIT MARGIN, UNEMPLOYMENT, LEADING INDICATORS, ECONOMIC RISKS, CONSUMPTION, HUMAN CAPITAL, VALUE ADDED, GOVERNMENT BUDGET, ECONOMIC PERFORMANCE, CAPITAL, WAGES, OWNERSHIP STRUCTURE, ECONOMIC OUTCOMES, DISCOURAGED WORKERS, FINANCIAL STABILITY, UNEMPLOYMENT RATE, FINANCIAL CRISIS, VALUE, PENSIONS, COMPETITIVENESS, FISCAL BURDEN, CREDIT, MACROECONOMICS, TRADE DEFICIT, PURCHASING POWER, DEVELOPMENT STRATEGY, DEMAND, AGGREGATE DEMAND, ECONOMY, AGRICULTURE, EXPENDITURES, ASSET QUALITY, ASSETS, MARKET, BENCHMARK, MONETARY POLICIES, PUBLIC DEBT, PRODUCTIVE INVESTMENTS, INFLATION RATES, TAXATION, GOVERNMENT DEBT, TRADE, GDP, GOODS, BANK LOANS, GROWTH RATE, INVESTMENT, SHARE, CONTROLLED PRICES, BALANCE SHEETS, POVERTY, PRODUCT MARKETS, REVENUE, ECONOMIC INDICATORS, INVESTMENTS, CONSUMER PRICE INDEX, LENDING, CREDIT GROWTH, EXCHANGE RATE, LABOR MARKETS, OUTCOMES, FINANCIAL SECTOR, ARREARS, GROWTH POTENTIAL, PRICES, GUARANTEE, GROWTH PROJECTIONS, NONPERFORMING LOANS, BENEFITS
