The disruptive effects of the COVID-19 crisis on the Western Balkan economies subsided somewhat in the third quarter of 2020, when the region’s GDP fell by 4.5% y-o- y, after a slump of 9.3% in the preceding quarter. Investment recovered and recorded y-o- y growth in some countries, while the fall in household consumption and exports was less pronounced than in the previous three months.

European Economy Technical Papers are reports and data compiled by the staff of the European Commission’s Directorate-General for Economic and Financial Affairs.

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