Q2 2021 GDP of Montenegro: +19% real growth rate Gross domestic product of Montenegro in the II quarter of 2021 was 1128.7 million EUR, while in the same period of the previous year it was 900.8 million EUR. The real growth rate of gross domestic product in the II quarter of
Tag: debt-to-GDP
Western Balkan Economies: World Bank projects recession due to CoV19
The Western Balkan region is expected to enter a recession in 2020, with all six countries forecast to experience negative growth as they continue to grapple with the economic impacts of the COVID-19 pandemic. Regional growth in the Western Balkans is forecast to be between -3 and -5.6 percent, according to
The smallest states in the world: economic challenges and potentials
Small states face unique development challenges. Due to their small population (i.e., those with a population of 1.5 million or less) and economic base, these countries are particularly vulnerable to exogenous shocks, such as natural disasters and climate change. With limited economic opportunities and significant migration, they often face capacity constraints. The
Financial crisis: 10 years later
The financial crisis began with the collapse of Lehman Brothers, starting a worldwide chain reaction. The EU economy contracted for five consecutive quarters, with growth returning only in the second half of 2009. Stimulatory and fiscal actions by national governments and the EU, and the Eurosystem’s loose monetary policy, helped
EU Fall 2019 Economic Forecast
The EU's economy is now in its seventh consecutive year of growth and is forecast to continue expanding in 2020 and 2021. Labor markets remain strong and unemployment continues to fall. However, the external environment has become much less supportive and uncertainty is running high. This is particularly affecting the
