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HomeEU candidate countries’ & potential candidates’ economic quarterly (CCEQ). 3rd quarter 2018
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The economic upswing continued in the Western Balkans during the second quarter of 2018 with annual GDP growth accelerating to 4.3% across the region. Private consumption and investment continued to support growth and exports seem to have regained momentum. Annualised current account deficits narrowed further in most countries, but overall external positions in many cases remain vulnerable. Economic expansion led to further job creation but at a slowing pace and unemployment rates still remain high across the Western Balkans, although they continued to fall in most countries. Despite further progress in fiscal consolidation, high public debt levels remain a source of vulnerability in most countries. In Turkey, annual GDP growth decelerated to 5.5% in the April-June period and economic activity seems to have weakened further in the third quarter. Macroeconomic imbalances intensified in the second quarter with higher inflation and a further broadening of the current account deficit fuelling stress in the foreign exchange market.
- Published:
- Corporate author(s): Directorate-General for Economic and Financial Affairs (European Commission)
- Themes: Economic policy — Economic and monetary union
- Subject: Albania , Bosnia and Herzegovina , construction policy , economic growth , gross domestic product , industrial production , Kosovo , labour market , macroeconomics , Montenegro , North Macedonia , Serbia , tourism , Türkiye
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| ISSN 2443-8049 | ISBN 978-92-79-77413-3 | DOI 10.2765/319761 | Catalogue number KC-BF-18-008-EN-N |
- Released on EU publications website:
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