SEE2020 Strategy Targets and Results
Despite the negative influence of political developments on investment and growth - reduced investment inflows and increased cost of capital; hindered capacity of the governments to implement reforms; and seized up business activity within the economies, in economic terms, the region has returned to a steady growth pattern, with positive trend expected in the coming period.
A welcome development is the underlying rebalancing of the economy that has been happening over the past five years, with steadily increasing exports and somewhat subdued imports. This has led to a considerable reduction of the negative trade balance that the region has with is trading partners.
Return of employment growth is another success story. The Western Balkans economies have managed to add almost 400,000 jobs in the previous five years. Although performance differed between the economies, the trend is easy to spot and is also expected to continue into the next year.
Croatia withdrew from the SEE 2020 monitoring process during this year due to its EU 2020 monitoring responsibilities. This had an obvious impact on the quantification of regional headline targets and on their composition. However, dynamic comparisons are still possible between the WB6 economies, allowing identification of some important trends and developments in SEE 2020 implementation.
In 2016 the region saw varied progress in SEE 2020 Strategy implementation. The constantly changing SEE 2020 implementation context significantly influenced the performance of participating economies.