Because of its difficult starting position in transitioning to a market economy, so far macroeconomic policy in Serbia has mainly been concerned with achieving stability. At the start of its transition in 2001, Serbia was practically bankrupt, burdened with old overdue debt and huge arrears in...

Serbia now has an exceptional policy opportunity to promote skills development and create a productive future workforce and a prosperous economy. With its population aging and the nature of work changing in a technologically transforming and globalizing economy, a highly skilled Serbian...

Serbia is not growing as fast it could. Investment and productivity are low and slow growing; and the continuing large role of the state in the economy makes it difficult for the private sector to accelerate economic growth. Serbia is well-positioned to turn itself into a fast-growing,...

Four mutually supportive strategic pillars and related policy priorities would help Kazakhstan continue the structural transformation that stalled during the oil booms, in order to eliminate poverty and build a large and secure middle class: 1. economic management for diversification, to...

The devastating impact of the Covid-19 pandemic on the Cambodian economy-where the growth slowdown was among the most pronounced in the East Asia and Pacific (EAP) region-lies in the country's growth generating process. Recent growth has been remarkable, but insufficiently diversified in...

Albania is gradually emerging from the unprecedented economic disruptions caused by the coronavirus disease 2019 (COVID-19) pandemic. As the pandemic is overcome, it is crucial to shift attention back to Albania's long-term objective of building a stronger underlying economic growth model. This...

The economy is estimated to have grown by 2.6 percent in 2024, surpassing expectations due to an unexpected surge in activity but the recovery continued to lag behind peers. The latest gross domestic product (GDP) release showed that growth picked up at 3.0 percent year-on-year in 2024 Q3. In Q3...

The Thailand Economic Monitor (TEM) reports on key developments in Thailand's economy over the past six months, situates these changes in the context of global trends and Thailand's longer-term economic trajectory, and updates Thailand's economic and social welfare outlook. Each edition of the...

The fall 2021 issue of the Iraq Economic Monitor provides an in-depth review of the latest macroeconomic and policy developments amidst a global recovery in international oil markets and as COVID-19 restrictions begin to ease. As a result, the monitor finds that the economic prospects for Iraq...

Iran's economy is gradually recovering following a lost decade (2011-2020) of negligible economic growth. Less stringent COVID-19 restrictions, adaptation to the new normal - reflected in a recovery in consumption, and more favorable oil sector conditions have driven a four-quarter rebound after...