PRISTINA (Kosovo), October 6 (SeeNews) - The World Bank expects Kosovo's economy to expand by 7.1% in 2021 and 4.1% in 2022, it said.
Kosovo's economic growth is expected to ease in 2022, but will remain above 4% in the medium term, subject to the global course of the pandemic and its successful management, the World Bank said in its Europe and Central Asia Economic Update, Fall 2021 report published on Tuesday.
Back in June, the World Bank forecast 4% growth of Kosovo's economic output in 2021.
Kosovo's GDP declined by 5.34% in 2020, Kosovo's statistical office said last month.
Growth in the Western Balkans region, which comprises Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, and Serbia, is forecast to rebound to 5.9% this year after shrinking by an estimated 3.2% in 2020.