April 18 (SeeNews) - The International Monetary Fund (IMF) expects Kosovo's economy to grow by 3.8% this year, after expanding 3.3% in 2023, the global lender said, slashing 0.2 percentage points off its forecast for 2024 made in October.
Kosovo's gross domestic product (GDP) is expected to increase by 4% in 2025, the IMF said in the April edition of its World Economic Outlook report published on Tuesday.
Kosovo's average consumer price inflation is seen slowing down to 3.5% in 2024 from 5.2% last year, before further abating to 3% in 2025, the IMF said.
The country's current account deficit, which stood at 7.6% of GDP in 2023, is expected to fall to 6.9% of GDP in 2024 and then decline further to 4.6% next year.
The economy of Emerging and Developing Europe area is expected to grow by 3.1% in 2024, the IMF said, increasing its October forecast by 0.9 percentage points.