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

Time for international missions to go home, Kosovan president says

Kosovo's President Hashim Thaci has called for international missions to leave and complained that the EU is keeping the country isolated. Thaci wants Kosovo to complete the transition of the ... more

Kosovo court issues arrest warrant for opposition MPs

The Court of First Instance in Kosovo issued an arrest warrant for three MPs from the Vetëvendosje (Self Determination) party, including the party’s former leader Albin Kurti, on November 22. The ... more

Kosovo fears terrorist attacks by returning IS militants

The Kosovan government considers that terrorism remains one of the major threats to national and global security, threatening not only life and property but also democratic values, according to a ... more