Thus, in case of the former, monetary accommodation prevents further disruption to the growth momentum. In the latter case, however, ant-inflationary monetary response may involve some sacrifice of growth. Conclusion 49. Let me now conclude.
These same issues are also relevant for Western Balkan economies, where the unfinished structural reform agenda constitutes a drag on potential growth and where countries also face the challenge of fiscal consolidation, even though circumstances differ from one country to the other.