May 16 (SeeNews) - Kosovo’s economy is seen to maintain its growth at 3.5% in 2023, the European Bank for Reconstruction and Development (EBRD) said on Tuesday, revising up its projection for 3% economic expansion made in February.
For 2024, EBRD affirmed its earlier projection for 4% growth of Kosovo’s economy, it said in its latest regional economic prospects report.
The stable growth in 2023 is chiefly a result of a continued boost in disposable incomes by high remittances, credit growth, and a hike in public sector wages in the beginning of the year.
For the Western Balkans region, the EBRD maintained its previous forecast for economic growth to slow to 2.2% in 2023, before it speeds up to 3.3% in 2024.