June 7 (SeeNews) - The World Bank sees Kosovo’s gross domestic product (GDP) growing by 3.7% in 2023, affirming its January forecast.
Kosovo’s economic growth is projected to speed up to 4.4% in 2024 and then slow down to 4.2% in 2025, the global lender said in its June 2023 Global Economic Prospect published on Wednesday.
In 2022, Kosovo’s economy grew by 3.5%.
Recent tensions between Kosovo and Serbia after the election of Albanian ethnic mayors in Serbian-dominated areas in Kosovo present political uncertainty and a risk to a European development of the countries’ relations, the report says.
An unexpectedly steep slowdown of the euro area could also pose risks for the economy of the Western Balkan countries, as their export heavily relies on it, the World Bank said.