Economic growth

The Greek bourse began the week with mixed results at the end of the session as investors await the resumption of the bailout review. Stocks were split between winners and losers, but the benchmark was up at the close, having recovered all the day's losses in the closing auctions.

Because of its size and history within Yugoslavia, Slovenia has certain peculiarities that reflect in the summarising of the Western Balkans business culture, as well as in the strong involvement in the international business environment.

Blue chips on the Greek stock exchange all but covered the losses sustained in Monday's session on Tuesday, as, after a declining start, the benchmark rebounded to close above 610 points.

The Organisation for Economic Cooperation and Development (OECD) has altered its forecast to faster economic growth of the global economy next year due to initiatives for greater public spending which could provide a catalyst to business activity, helping the global economy extricate itself from the current trap of weak growth.

The Organization for Economic Cooperation and Development (OECD) has slashed its 2016 growth forecast for Turkey to 2.9 percent in its latest outlook, down from 3.9 percent in its previous estimate.

The Turkish economy may collapse in a couple of years if politicians do not show the West that the economy is trust-worthy, Daron Acemoğlu, Professor at the Massachusetts Institute of Technology (MIT), told the daily Hürriyet. 

BUCHAREST - Serbia's economic growth is projected to accelerate from 2.5 pct in 2016 to about 3.5 pct over the medium term, driven by an increase in investment and a recovery of consumption, the World Bank announced in a report Monday.

Serbia's growth is projected to be at 2.8 pct in 2017 and 3.5 pct in 2018, said the World Bank's Europe and Central Asia Economic Update.

As private investment and consumption appear to have slowed down in the aftermath of the failed coup attempt, high frequency indicators suggest real GDP growth may fall into negative territory in Turkey in the third quarter, which will bring full-year GDP growth in 2016 to 3.1 percent, compared to 3.5 percent envisaged earlier, said the World Bank in a note on Nov. 25. 

The Greek bourse passed a major milestone on Wednesday, covering all the losses it had incurred since the start of the year, thanks to the small rise in the benchmark at the close and despite the drops registered by the blue chip and banks indices.

There will be a modest increase in GDP growth in 2016 for countries in the Europe and Central Asia (ECA) region, said World Bank in a report on Nov. 22.