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Frankfurters – No. 21, August 2023
  • Economic transformation of the Western Balkans and Eastern Europe – lessons learned
  • The countries of the Western Balkans and Eastern Europe went through a major economic transformation over the past 15 years
  • Inflation has peaked at multi-year highs through 2022 in the Western Balkan and Eastern Europe economies
  • Similar to the eurozone, the main drivers of inflation in these countries are food and energy price inflation
  • During the post-pandemic recovery, economies in the Western Balkans and Eastern Europe countries experienced strong increases in wages
  • Fiscal policies played a crucial role in providing support to the economies
  • How does the exchange rate regime affect monetary policy?
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© Národná banka Slovenska
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