During the report’s presentation in Belgrade, it was revealed that this estimate is 0.2 percentage points higher than previously predicted in the spring report.
Furthermore, the region’s growth rate for 2024 is expected to be 3.3%, a 0.1 percentage point increase from earlier estimates.
Richard Record, Lead Economist for the Western Balkans, emphasized that the gradual recovery of economic activity in the European Union will be essential in driving exports from the region over the medium term.