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Experiencing the 2024 total solar eclipse in New Brunswick | SaltWire #solareclipse #eastcoastSARAJEVO - Economic growth in the six Western Balkan countries is projected to rise 3.2% this year and 3.5% in 2025, going back to pre-pandemic averages but still too low for faster convergence with the European Union, the World Bank said in a report on Thursday.
But it warned about remaining risks of weaker investment and trade with the euro zone that are linked to a persistent weakness in global growth, as well as about possibilities of flare-ups in geopolitical tensions, outward migration, electoral uncertainty and persistent inflation. The bank said the region, where GDP per capita remains at almost 40% of the EU average, must implement a range of reforms to narrow the development gap with the EU."The Union’s new Growth Plan for the Western Balkans presents an opportunity to stimulate economic development through reforms and investments, particularly in the green economy,” said Xiaoqing Yu, World Bank country director for the Western Balkans.
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