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Nov 16, 2017 17:24 EEST
November 16 (SeeNews) - The World Bank said on Thursday it has raised its forecast for Kosovo's economic growth in 2017 to 4.4% from 4.1% projected in the bank's October 2017 Europe and Central Asia Economic Update Report.
The growth is driven primarily by investment, and supported by consumption and a recovery in exports, the World Bank said in its Fall 2017 Western Balkans Regular Economic Report.
Kosovo’s GDP is expected to grow by 4.8% in 2018, compared to a 4.2% growth rate projected in October, the report added.
The World Bank also raised its 2019 Kosovo's GDP growth forecast, to 4.8% from 4.0% predicted in the October report. Growth will be driven by rising investments, both public and private, and consumption.
Kosovos’s consumer price inflation is expected to remain stable at 1.7% in each of 2017, 2018 and 2019.
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