October 13 (SeeNews) - The International Monetary Fund (IMF) expects Kosovo's gross domestic product (GDP) to increase by 6% this year, the global lender said, raising its April projection by 1.5 percentage points.
Kosovo's economic growth is expected to slow down to 4.5% next year and to 3.5% in 2026, the IMF said in the October edition of its World Economic Outlook report published on Tuesday.
Last year, Kosovo's economic output declined by an estimated 5.3%, according to the report.
Kosovo's average consumer price inflation is seen increasing to 3.1% in 2021 from 0.2% last year, before accelerating further to 3.6% in 2022, the IMF said.
The country's current account deficit, standing at 7.1% as a percentage of GDP in 2020, is forecast to expand to 7.9% in 2021 before shrinking to 6.7% in 2022.