South East Europe, No. 9, Spring 2016 Rebalancing for Stronger Growth. [electronic resource] :
- Washington, D.C. : The World Bank, 2016.
- 1 online resource (1 p.)
- Economic Updates and Modeling .
- Economic Updates and Modeling World Bank e-Library. .
Growth in the six South East European countries (SEE6) rebounded to 2.1 percent in 2015, as investment revived. The SEE6 region is not only growing but also rebalancing to more durable sources of growth. While higher growth in 2015 brought new jobs in the private sector, and helped poverty reduction to resume, unemployment is still entrenched. In 2015, fiscal deficits continued to narrow in all SEE6 countries except Montenegro. With inflation at historic lows, accommodative monetary policy supported growth, and credit to the economy slowly began to grow. The near-term baseline outlook for the region is positive. Fiscal and current account deficits must decline further to support growth. Sustaining the nascent rebalancing requires unlocking the growth potential of the SEE6 economics by reversing productivity dynamics that have been deteriorating since 2008. The agenda for reducing the structural rigidities that impede growth is broad based and centered on five pillars: eliminate disincentives and barriers to formal; employment; improve the business climate and governance; reduce the size of government while improving quality of service delivery; deepen trade and financial integration; and ensure that natural resource use is sustainable.
10.1596/24399
Access to Finance
Accounting
Analysis of Economic Growth
Banking Sector
Bonds
Capital Flows
Capital Markets
Capital Requirements
Central Banks
Collateral
Commercial Banks
Commodity Prices
Contracts
Corporate Governance
Currencies
Debt
Debt Management and Fiscal Sustainability
Economic Growth
Economic Management
Economic Statistics, Modeling and Forecasting
Employment and Unemployment
Equity
Equity Markets
Exchange Rates
Expenditures
Exporters
Finance and Financial Sector Development
Financial Crisis
Fiscal & Monetary Policy
Fiscal Policy
Foreign Direct Investment
Global Economy
Human Capital
Human Resources
Inflation
Insurance
Interest Rates
Investment Climate
Judicial Reform
Living Standards
Loans
Macroeconomic Management
Macroeconomics and Economic Growth
Monetary Policy
Poverty
Poverty Reduction
Pro-Poor Growth
Public Debt
Public Spending
Remittances
Risk Aversion
Social Protections and Labor
Tariffs
Taxes
Telecommunications
Transparency
Growth in the six South East European countries (SEE6) rebounded to 2.1 percent in 2015, as investment revived. The SEE6 region is not only growing but also rebalancing to more durable sources of growth. While higher growth in 2015 brought new jobs in the private sector, and helped poverty reduction to resume, unemployment is still entrenched. In 2015, fiscal deficits continued to narrow in all SEE6 countries except Montenegro. With inflation at historic lows, accommodative monetary policy supported growth, and credit to the economy slowly began to grow. The near-term baseline outlook for the region is positive. Fiscal and current account deficits must decline further to support growth. Sustaining the nascent rebalancing requires unlocking the growth potential of the SEE6 economics by reversing productivity dynamics that have been deteriorating since 2008. The agenda for reducing the structural rigidities that impede growth is broad based and centered on five pillars: eliminate disincentives and barriers to formal; employment; improve the business climate and governance; reduce the size of government while improving quality of service delivery; deepen trade and financial integration; and ensure that natural resource use is sustainable.
10.1596/24399
Access to Finance
Accounting
Analysis of Economic Growth
Banking Sector
Bonds
Capital Flows
Capital Markets
Capital Requirements
Central Banks
Collateral
Commercial Banks
Commodity Prices
Contracts
Corporate Governance
Currencies
Debt
Debt Management and Fiscal Sustainability
Economic Growth
Economic Management
Economic Statistics, Modeling and Forecasting
Employment and Unemployment
Equity
Equity Markets
Exchange Rates
Expenditures
Exporters
Finance and Financial Sector Development
Financial Crisis
Fiscal & Monetary Policy
Fiscal Policy
Foreign Direct Investment
Global Economy
Human Capital
Human Resources
Inflation
Insurance
Interest Rates
Investment Climate
Judicial Reform
Living Standards
Loans
Macroeconomic Management
Macroeconomics and Economic Growth
Monetary Policy
Poverty
Poverty Reduction
Pro-Poor Growth
Public Debt
Public Spending
Remittances
Risk Aversion
Social Protections and Labor
Tariffs
Taxes
Telecommunications
Transparency