SERBIA
The coalition led by the Pro-Presidential ruling Serbian Progressive Party secured a landslide victory in the Parliamentary election boycotted by the opposition
Broader political continuity is expected after the elections
The NBS cut further its key rate by 25 bps to 1.25% to spur economic recovery from COVID-19
ALBANIA
COVID-19 and the impact of the end-2019 earthquake weighed on GDP growth in Q1:20 (down 2.5% y-o-y)
Albania is heading to a severe recession in Q2:20, driven by the services sector, before slowly recovering in H2:20
NORTH MACEDONIA
High uncertainty due to COVID-19 and lockdown measures suppressed Q1:20 GDP growth (up 0.2% y-o-y)
GDP is set to drop abruptly in Q2:20, driven by domestic demand, before gradually recovering in H2:20
APPENDIX: FINANCIAL MARKETS