Socio-Economic Impact Assessment
REGIONAL COMPARISON
The crisis will have a strong impact throughout Southeastern Europe. Countries relying on tourism for their GDP like Montenegro and Croatia will be most severely hit. Their GDP in 2020 is expected to decrease by 9%. North Macedonia is in the group of moderately affected countries, together with Bulgaria. The deterioration of the economic outlook in the region can also be seen in stock market indices.
GDP comparison by country
Hardest hit are tourism-dependent
economies like Croatia and Montenegro
with over -9%
Positive growth is expected
in all countries in the region
in 2021
Expected fall in GDP in Western Balkans is
-5.7%, causing a more severe
recession than the 2009 financial crisis
The Stock Market Indices in 2020
Share prices down
by 25-35%
at the lowest point
Slight recovery since then,
but still 14-21%
down from before the crisis
Macedonian Stock Exchange
MBI-10
is least affected
