High unemployment, migration of highly educated people and lack of political vision for the region are seen as the most prominent problems of the Western Balkans countries, it is written in the Policy Report “The rise of the underdog – Economy of the Western Balkans”, by the think tank Populari.
According to the World Bank annual 2016 Report, Western Balkan countries have experienced different economic growth – Serbia and Albania were the only ones to experience acceleration, while Kosovo, Macedonia and Montenegro had slowed down. Only Bosnia and Herzegovina remained steady.
It is stated that even though there is a tendency of people leaving the WB region, employment growth has accelerated, especially in Serbia.
However, one thing remains common for all the countries.
“Given that the overall regional development is supposed to be about the economy and job creation, it is truly remarkable how little the economic analysis features in government planning,” points out Populari in its Report.
The Report is assembled of the interviews with prominent economists on various economy issues regarding the WB countries.