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.

Related Articles

UN creates trust fund to benefit communities following report on alleged human rights abuse in Kosovo camps

Following the cases of refugees in camps in northern Kosovo who suffered health consequences as a direct result of being placed in camps near a mine smelter storing toxic waste, the UN has ... more

RBI doubles net profit y/y in Q1 as Russian business recovers

Raiffeisen Bank International (RBI), the second largest bank operating across Central and Eastern Europe by assets, reported that net profit almost doubled year-on-year to €220mn in the first ... more

Kosovo’s PDK, AAK and Nisma form coalition ahead of June election

The Democratic Party of Kosovo (PDK), Alliance for the Future of Kosovo (AAK) and Initiative for Kosovo (Nisma) have agreed to form a coalition ahead of the early general elections scheduled for June ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Dismiss