EBRD raises Kosovo’s economic growth forecast to 3.5% in 2023

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.