The World Bank’s newly-released South East Europe Regular Economic Report shows that the six countries studied emerged from recession in the first half of 2013, and have all achieved modest to strong economic growth.
Industry – especially manufacturing exports and energy – drove the recovery,” said Gallina Andronova Vincelette, Lead Economist and co-author of the report.
“The region experienced a welcome surge in exports in 2013, particularly car exports from Serbia,” she added.
According to the report, economic growth in 2013 in Albania will be 1.8 per cent, in Bosnia 0.8 per cent, Kosovo 3.0 per cent, Macedonia 2.5 per cent, Serbia 2 per cent and Montenegro 1.8 per cent of GDP.
