World Bank Predicts Strong Growth for Western Balkans by 2025

The World Bank projects that the economic growth of the Western Balkans will reach 3.7% in 2025, driven primarily by increased consumption and investment, boosted by rising purchasing power, according to its latest Regular Economic Report for the region.

During the presentation of the report in Belgrade, it was noted that this figure is 0.2 percentage points higher than the forecast in the spring report.

The report also highlights that the growth rate for the Western Balkans is expected to be 3.3% in 2024, which is 0.1 percentage points higher than initially estimated.

Richard Record, the World Bank’s Lead Economist for the Western Balkans, stated that over the medium term, economic activity in the European Union is expected to gradually recover, playing a key role in boosting exports from the Western Balkans.

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