North Macedonia will have a GDP growth of two percent this year, and three percent next year, according to the latest forecast of the European Bank for Reconstruction and Development (EBRD) on regional economic prospects.
The entire region of the Western Balkans will see a growth of 2.2 percent in 2023, and 3.4 percent next year.
Albania’s economy will grow by 2.5 percent this year, and 3.3 percent next year, Bosnia and Herzegovina (2.0% and 3.0%), Kosovo (3.5% and 4.0%), Montenegro (3 .3% and 3.7%), and Serbia (2.2% and 3.4%). The EBRD states in the report that the economic prospects of the Western Balkans will be affected this year by inflationary pressures and weaker prospects of advanced economies in Europe, with more positive forecasts for 2024 when economic growth is expected to increase to 3.4 percent.
