Equities in South East Europe closed lower on Friday tracking global caution amid worries that aggressive central bank tightening and uncertainty surrounding the war in Ukraine will dent economic growth. The World Bank in its latest Western Balkans Regular Economic Report points to the new challenges the region is now facing. “[T]he post-pandemic recovery has been cut short, as the war in Ukraine sends shockwaves across the region”. Performance in 2022 is expected to vary considerably across the Western Balkans from 3.6% in Montenegro to 2.7% in Bosnia & Herzegovina and North Macedonia. The bank also projects Albania’s and Serbia’s growth at 3.2%.
1. ATHENS – ATHEX -2.44%
2. BELGRADE – BELEX15 0.09%
3. BUCHAREST – BET 0.06%
4. ISTANBUL – BIST 100 -1.48%
5. LJUBJLANA – SBITOP -1.29%
6. NICOSIA – CSE GI -0.83%
7. PODGORICA – MNSE 10 -1.52%
8. SARAJEVO – SASX10 0.75%
9. SKOPJE – MBI 10 -0.78%
10. SOFIA – SOFIX Closed
11. ZAGREB – CROBEX -0.92%
