April 8 (SeeNews) - The World Bank said on Friday it revised up its forecast for economic growth in the Western Balkans to 2.7% in 2016, buoyed by recovery in the euro area.
In 2017 the region's economy is forecast to grow by 3.2%, the World Bank said in a report.
The World Bank also updated its forecast for the region's economic growth in 2015 to 2.2%, up by 0.3 percentage points.
Following are details from the World Bank's report regarding the economic development of the countries in the Western Balkans - Herzegovina, Macedonia, Montenegro, Kosovo and Serbia.
Details of GDP growth forecasts by country follow (in pct change):
Country: |
2015 |
2016 |
2017 |
2018 |
Albania |
2.6 |
3.2 |
3.5 |
3.8 |
Bosnia&Herzegovina |
2.8 |
2.6 |
3.1 |
3.5 |
Macedonia |
3.7 |
3.7 |
4.0 |
4.0 |
Montenegro |
3.4 |
3.7 |
3.1 |
3.0 |
Kosovo |
3.6 |
3.6 |
4.0 |
4.1 |
Serbia |
0.8 |
1.8 |
2.3 |
3.5 |