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ACCORDING TO THE LATEST REPORT OF THE
WORLD BANK
Macedonia with the largest
growth in the region this
year and next
January 15, 2015 - 09:37
According to experts from the World Bank, Macedonia still has the highest
economic growth in comparison with all the countries of this region. The bank
predicts that growth in Macedonia this year will be 3.5 percent, and 3.8 percent
next year. In the prognosis, Serbia stands poorest.
The latest World Bank report on the economic prospects of the Southeast Europe region,
forecasts economic growth in these countries this year and next year.
According to experts from the World Bank, Macedonia still has the highest economic growth
in comparison with all the countries of this region. The bank predicts that growth in
Macedonia this year will be 3.5 percent, and 3.8 percent next year.
The forecast for Croatia is 0.5 percent growth this year and 1.2 percent in 2016, the GDP of
Montenegro, according to the projections of the bank, will grow by 3.4 percent in 2015 and
2.9 percent in 2016, the BiH by 1.5 percent this year and 2.5 percent next year, and for
Albania three percent in the current year, and four percent in the next year.
The forecast for Serbia is catastrophic. Serbia, according to the World Bank this year will
have the economic decline of 0.5 percent and a marginal growth of 0.5 percent next year.
While the countries of Southeast Europe, global growth again, according to the Global
Institute, McKenzie, is at risk of long-term slowdown.
The growth of the world economy will notice a significant slowdown in the next 50 years due
to the aging of the population, unless countries figure out how to increase productivity, the
report stated.
The document showed that without a major increase in productivity global growth will slow
to two percent in the next 50 years, as compared with 3.6 percent in the past 50 years.
That is more of a slowing global growth during than the Great Recession or during the
energy crisis of the decade from 1974 to 1984.
Several countries, including Germany, Japan and Russia, are already struggling with
reduced productivity of their labor force, until workers retire.
The institute considers that production can be increased by improving the performance of
health and of automated production, and by reducing waste in the production of food.
Translation by GDF, using Google Translate and http://www.idividi.com.mk/recnik/index.htm