West Balkans Regular Economic Report no. 21, Spring 2022 : Steering Through Crises

Just as the economies of the Western Balkans were looking to growth recovery beyond the pandemic, a new set of challenges confronted the region. The economies of the Western Balkans saw a strong growth rebound in 2021 with a broad-based bounce back...

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Main Author:	World Bank
Format:	Report
Language:	English
Published:	Washington, DC: World Bank 2022
Subjects:	DEBT MANAGEMENT ARMED CONFLICT ECONOMIC UNCERTAINTY FINANCIAL AND MONETARY STABILITY
Online Access:	http://documents.worldbank.org/curated/en/099236004262237525/P17720607706c30e90841607b7d53ee8106 http://hdl.handle.net/10986/37368

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recordtype	oai_dc
spelling	okr-10986-373682022-09-08T05:10:36Z West Balkans Regular Economic Report no. 21, Spring 2022 : Steering Through Crises World Bank DEBT MANAGEMENT ARMED CONFLICT ECONOMIC UNCERTAINTY FINANCIAL AND MONETARY STABILITY Just as the economies of the Western Balkans were looking to growth recovery beyond the pandemic, a new set of challenges confronted the region. The economies of the Western Balkans saw a strong growth rebound in 2021 with a broad-based bounce back in economic activity. Financial stability remains sound due to support measures, but vigilance will be needed given exceptional uncertainty. There was especially strong growth in trade in 2021 as the region benefited from a recovery in global demand, but the conflict between Russia and Ukraine is expected to disrupt this trend. The economies of the Western Balkans now face an unusually uncertain outlook. An expanded conflict or prolonged war between Russia and Ukraine can trigger further disruptions to global trade and to energy and food prices. Refinancing risks can arise if external financial market conditions continue to tighten. Debt sustainability may become a concern if limited fiscal space is eroded by policy responses to higher energy and food prices. Risks of political polarization also remain. 2022-05-03T17:52:13Z 2022-05-03T17:52:13Z 2022-05-04 Report http://documents.worldbank.org/curated/en/099236004262237525/P17720607706c30e90841607b7d53ee8106 http://hdl.handle.net/10986/37368 English Western Balkans Regular Economic Report;21 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Report Publications & Research Europe and Central Asia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	DEBT MANAGEMENT ARMED CONFLICT ECONOMIC UNCERTAINTY FINANCIAL AND MONETARY STABILITY
spellingShingle	DEBT MANAGEMENT ARMED CONFLICT ECONOMIC UNCERTAINTY FINANCIAL AND MONETARY STABILITY World Bank West Balkans Regular Economic Report no. 21, Spring 2022 : Steering Through Crises
geographic_facet	Europe and Central Asia
relation	Western Balkans Regular Economic Report;21
description	Just as the economies of the Western Balkans were looking to growth recovery beyond the pandemic, a new set of challenges confronted the region. The economies of the Western Balkans saw a strong growth rebound in 2021 with a broad-based bounce back in economic activity. Financial stability remains sound due to support measures, but vigilance will be needed given exceptional uncertainty. There was especially strong growth in trade in 2021 as the region benefited from a recovery in global demand, but the conflict between Russia and Ukraine is expected to disrupt this trend. The economies of the Western Balkans now face an unusually uncertain outlook. An expanded conflict or prolonged war between Russia and Ukraine can trigger further disruptions to global trade and to energy and food prices. Refinancing risks can arise if external financial market conditions continue to tighten. Debt sustainability may become a concern if limited fiscal space is eroded by policy responses to higher energy and food prices. Risks of political polarization also remain.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	West Balkans Regular Economic Report no. 21, Spring 2022 : Steering Through Crises
title_short	West Balkans Regular Economic Report no. 21, Spring 2022 : Steering Through Crises
title_full	West Balkans Regular Economic Report no. 21, Spring 2022 : Steering Through Crises
title_fullStr	West Balkans Regular Economic Report no. 21, Spring 2022 : Steering Through Crises
title_full_unstemmed	West Balkans Regular Economic Report no. 21, Spring 2022 : Steering Through Crises
title_sort	west balkans regular economic report no. 21, spring 2022 : steering through crises
publisher	Washington, DC: World Bank
publishDate	2022
url	http://documents.worldbank.org/curated/en/099236004262237525/P17720607706c30e90841607b7d53ee8106 http://hdl.handle.net/10986/37368
_version_	1764487044199874560

West Balkans Regular Economic Report no. 21, Spring 2022 : Steering Through Crises

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