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World Bank lowers Kosovo's 2022 GDP growth projection to 4.1%

World Bank lowers Kosovo's 2022 GDP growth projection to 4.1% Photo by Kosovo Future Maker

PRISTINA (Kosovo), January 12 (SeeNews) - Kosovo's gross domestic product (GDP) is expected to grow by 4.1% in 2022, the World Bank said, revising downwards its June projection for 4.5% economic expansion.

Economic growth is expected to accelerate to 4.4% in 2023, the World Bank said in its January 2022 Global Economic Prospects report published on Tuesday.

In 2021, the country's economic output increased by an estimated 7.1%, the global lender said.

The regional GDP growth of the Western Balkans is forecast at 4.1% in 2022, the World Bank noted. The region's economic growth in 2021 is estimated at 5.9%.

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