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Also former Yugoslavia and Albania: Why now? What is really different compared to five years ago?

Perhaps five years of austerity in neighbouring countries killing exports?

by fjallstrom on Tue Sep 1st, 2015 at 02:58:12 PM EST
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Did that actually happen?
by IM on Tue Sep 1st, 2015 at 04:31:39 PM EST
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I don't know, it was just a suggestion. Looking at GDP per capita PPP (to get a grasp of economic living conditions) in Albania indicates that it was rising faster pre-crisis, but it is still rising.

Serbia has more marked stagnation:

As have Bosnia:

And Macedonia:

(Data is from the World Bank, graphs from tradingeconomics)

So yes, economies has stagnated in the non-EU balkans during austerity. Wheter from lack of exports, less remittances or home-grown austerity, I don't know.

by fjallstrom on Wed Sep 2nd, 2015 at 10:17:31 AM EST
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There was a link to Personal remittances, received (% of GDP) so I checked the same countries there. In Albania and Bosnia remittances are a big deal and has gone down from pre crisis numbers of 15% of GDP in Albania and 18% of GDP in Bosnia to 8.5% of GDP in Albania and 11% of GDP in Bosnia.

More or less stable for Serbia and Macedonia.

by fjallstrom on Mon Sep 7th, 2015 at 07:13:33 AM EST
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