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Growth in the Western Balkans accelerated from 2.6% in 2017 to 3.8% in 2018 and is projected to average 3.7 percent in 2019-20.

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A project focused on performance-based national road network maintenance and safety is producing its first positive results.

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Growth projections in the Western Balkans region for 2018 have been revised upward and are now estimated to reach 3.5%. Growth was stimulated by higher public investment and consumption, while countries with higher growth rates boosted them mostly by investment and exports. Over 90,000 jobs were created in the first half of 2018, with new employment mostly in industry and services.

 

Kosovo and Albania are expected to grow at 4% this year. At 3.8%, Montenegro’s growth is projected to be 1 percentage point higher, although still lower than last year. Growth in Bosnia and Herzegovina continues to be stable at an estimated 3.2%. Serbia’s economy has rebounded to 3.5% growth after last year’s weather-related slowdown. Macedonia’s growth also rebounded to 2.5%, as investor confidence was Restored.

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Maryam Salim

Country Manager, Albania

Hilda Shijaku

Senior Economist

Artan Guxho

Senior Infrastructure Specialist

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