Thursday, 6th February 2025

Western Balkans Economic Growth to Hit 3.7% by 2025

The World Bank's latest Regular Economic Report forecasts that the Western Balkans will see economic growth of 3.7% by 2025, mainly due to rising consumption and investments, supported by increasing purchasing power

During the report’s presentation in Belgrade, it was revealed that this estimate is 0.2 percentage points higher than previously predicted in the spring report. 

Furthermore, the region’s growth rate for 2024 is expected to be 3.3%, a 0.1 percentage point increase from earlier estimates. 

Richard Record, Lead Economist for the Western Balkans, emphasized that the gradual recovery of economic activity in the European Union will be essential in driving exports from the region over the medium term.

Jelena Arsovska, Executive director of AmCham North Macedonia

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Aleksandar Ljubić, Executive Director of FIC Serbia

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