2023-2025 Western Balkan economies projected to grow 3.2%-3.5%, approach pre-pandemic averages but need more reforms for EU convergence.

The World Bank reports that Western Balkan economies are projected to grow 3.2% in 2023 and 3.5% in 2025, approaching pre-pandemic averages. However, growth remains too low for faster convergence with the EU. The bank emphasizes the need for continued reforms, including increasing investments to make cities greener and contribute more efficiently to overall economic development.

April 11, 2024
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