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of sectors simply shut down. Countries like Montenegro that have a services or tourism-oriented economy, and those where … more stringent containment measures and lockdowns were imposed fared the worst. The economy began to reactivate in Q3 2020 …
Persistent link: https://www.econbiz.de/10012544709
Fiscal balances have started to improve as a result of a stronger economic performance, but it will take further effort to replenish buffers. The growth recovery is contributing to buoyant revenue collection across the region, particularly in value-added tax collections, as domestic consumption...
Persistent link: https://www.econbiz.de/10012700717
Developments in the Rwandan economy as of the first half of 2017 have been mixed. On the upside, Rwanda's external …
Persistent link: https://www.econbiz.de/10012644959
This is a semi-annual report series on recent economic developments and economic policies in the Western Balkans (Albania, Bosnia and Herzegovina, Kosovo, FYR Macedonia, Montenegro, and Serbia). The report looks at the economic performance and outlook for the Western Balkans region and specific...
Persistent link: https://www.econbiz.de/10012645072
GDP growth in the Western Balkans slowed from 3.1 percent in 2016 to an estimated 2.4 percent in 2017. Regional growth in 2017 is less optimistic than the 2.6 percent expected when the Fall issue of this report was published. It slowed in Serbia due to a harsh winter and stalled in FYR...
Persistent link: https://www.econbiz.de/10012645218
welcoming effect for Kazakhstan in terms of enhancing the economy's buffers and supporting growth, it may also reduce the … developing a Dutch-Disease type of episode that could reduce economy's competitiveness and lower opportunities for … tradable nonoil sector's role in the economy, the government must demonstrate significant improvements to the rule of law, the …
Persistent link: https://www.econbiz.de/10012645341
Persistent link: https://www.econbiz.de/10012646013
Growth in the Western Balkans has strengthened to an estimated 3.5 percent. In most of the region, growth projections for 2018 have been revised upward. Growth was stimulated by higher public investment and consumption. Driven by tax reforms and faster growth, higher tax revenues created fiscal...
Persistent link: https://www.econbiz.de/10012646300
Improving the efficiency and equity of public spending and strengthening revenue mobilization remains a priority in all Western Balkan countries. Public sector wage bills and pensions constitute the largest share of public spending in the region. Tighter controls on wage bills, reducing tax...
Persistent link: https://www.econbiz.de/10012646554
In Spring 2020, Western Balkan countries - like most others in the world-have been forced to impose tight restrictions on economic life to contain the COVID-19 (Coronavirus) pandemic. In the first half of 2020, the world has seen explosive growth of infections with the deadly novel virus. As...
Persistent link: https://www.econbiz.de/10012647067