Balkans | Kosovo’s economy is stabilizing

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Balkans |  Kosovo’s economy is stabilizing

The World Bank assessed the stability of Kosovo’s economy despite slowing growth.

Slight economic growth of 3.5 percent was recorded in Kosovo in 2022, driven by exports and private consumption.

Kosovo’s economy continues to show resilience despite inflationary pressures.

Kosovo’s GDP growth in 2023 is expected to be slightly higher, at 3.7 percent, according to World Bank data.

However, emphasizing the high probability of risks, the World Bank indicated that pressures may increase if the increase in inflation accelerates and the growth of the European Union economies slows beyond current expectations.

“In this context, it is essential to maintain adequate reserves to respond to unexpected changes in the economic environment,” said Massimiliano Paolucci, World Bank Country Director for Kosovo.

Polucci said the World Bank will continue to support efforts to make Kosovo’s economy more sustainable and inclusive, and to offer its citizens more opportunities for a better life.


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