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sovereign debt re-pricing and balance sheets have deteriorated as a result of a rapid increase of nonperforming loans (NPLs …
Persistent link: https://www.econbiz.de/10014411189
Albania's economy has shown considerable resilience in the face of the 2019 earthquake and the pandemic. After the hardship endured in 2020, real GDP is rebounding strongly by a projected 7.8 percent in 2021. Policies have played a critical role in preserving lives and livelihoods and thereby...
Persistent link: https://www.econbiz.de/10015060544
Greece entered the pandemic with an unfinished recovery, but the country has demonstrated resilience in facing COVID-19. The economy contracted by 8.2 percent in 2020, better than expected given Greece's high dependence on tourism and pre-existing vulnerabilities. The government provided among...
Persistent link: https://www.econbiz.de/10015060621
This 2015 Article IV Consultation highlights that Aruba has been recovering from a severe double-dip recession. The economy faced two major shocks over the past five years-the global financial crisis and shutdown of the Valero oil refinery in 2012. After a strong recovery in 2013 with growth...
Persistent link: https://www.econbiz.de/10014412088
to continue in 2015, albeit at a lower rate. Consumer prices declined by an average 1.6 percent in 2014, among the …
Persistent link: https://www.econbiz.de/10014412091
forecast horizon. A sharply weaker euro and lower oil prices have improved the short-term outlook. In the medium term, growth …
Persistent link: https://www.econbiz.de/10014412107
equivalent to SDR 295.42 million (492.4 percent of quota). So far, three purchases totaling the equivalent of SDR 94.2 million … expected to have a muted effect on growth and on the balance of payments, as pass-through is weak and Albania is only a small … net oil exporter. High non-performing loans (NPLs) make banks risk-averse, and credit growth remains sluggish despite …
Persistent link: https://www.econbiz.de/10014412108
Recent developments, outlook, and risks. Kosovo's economy has continued to perform well, despite a challenging external environment. Real GDP growth moderated to 3¼ percent in 2023 amid subdued external demand. Inflation has decelerated sharply, reaching 2 percent y/y in the first quarter of...
Persistent link: https://www.econbiz.de/10015058377
Growth moderated in 2023 with slowing consumption growth, lower services exports to Russia, and fading post-pandemic base effects. But growth has remained above the euro area (EA) average, supported by a continued recovery in tourism, expanding financial services and ICT activity, and strong...
Persistent link: https://www.econbiz.de/10015058397
Slovenia has weathered the pandemic and the energy price shocks well, but long-term challenges remain. Ageing of Slovenia's population is a challenge, and private investment has softened over the past decade. The 2023 floods caused significant damage
Persistent link: https://www.econbiz.de/10015058436