Breaking 2024/ Caught on Cam: Cash Given to People During Congress Candidate Manickam's Madurai Campaign

The report highlights remaining risks, including weaker investment and trade with the eurozone, linked to global growth weakness. It also warns of potential flare-ups in geopolitical tensions, outward migration, electoral uncertainty, and persistent inflation.

In 2023, growth slowed to 2.6 per cent from 3.4 per cent in 2022, driven mainly by consumption and trade. This slowdown reflects the impact of a weak economy in the EU, a key trading partner for the Western Balkans.

The World Bank's latest report projects economic growth in the six Western Balkan countries to reach 3.2 per cent this year and 3.5 per cent in 2025, marking a return to pre-pandemic levels. However, the growth rate is deemed insufficient for rapid convergence with the European Union (EU).