World Bank trims Kosovo's 2013 GDP growth forecast to 3.1%

By bne IntelliNews June 13, 2013

Kosovo's economy is expected to grow 3.1% in 2013, the World Bank said in the latest edition of its Global Economic Prospects report. This was slightly lower than the Bank's previous GDP growth forecast of 3.3% made in January.

Kosovo's current account deficit is expected to account for 21% of its GDP in 2013 (revised down from January's 21.6%/GDP), according to the Bank.

The World Bank kept its projection for Kosovo's 2014 GDP growth at 4% but increased its 2015 forecast to 4.2% from a previous 4%. The current acount is also expected to perform better in the next two years with its deficit shrinking to 18.8% of GDP in 2014 and to 16% of GDP in 2015.

Kosovo's government projects a 4.5% GDP growth for 2013, driven by household consumption and increase in investment.

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