Isa Mustafa expands the IMF's assessment of economic growth: The year 2022 ahead to be challenging for Kosovo

Mustafa has written on Facebook that last year Kosovo marked economic growth “as a result of increased production, consumer strengthening and export growth”, as since 2020, due to the pandemic “had registered all economic activities”.

The “Vit we left behind, Kosovo marked economic growth of 9.5% (according to the International Monetary Fund) 9.1 % (according to the World Bank), respectively. This growth came as a result of increased production, consumer strengthening, and export growth, since in 2020, as a result of the pandemic, all economic activities had remained and we ended up with negative economic growth of -5.5%. In this regard, comparisons by 2020 are of formal nature, so they are not a stable indicator of”. wrote Mustafa.

Taking example from the region, Mustafa has given his interpretation for the assessment of the International Monetary Fund, which says Kosovo will complete this year with economic growth of 2.7%.

“From emerging markets and economies in Europe last year, Montenegro had the largest economic growth of 13% (according to the IMF), 12.4% (according to the BB), followed by Croatia of 10.2%, respectively. But both Montenegro and Croatia had suffered severe economic declines in time of pandemic (2020) Viti 2022 forecasts to be challenging for Kosovo”, Mustafa wrote.

This month's “assessments by the IMF speak that Kosovo will conclude this year with economic growth of only 2.7%. Lower growth (2.4 %) is estimated to have only Bosnia and Herzegovina. Because of this decline is estimated to be high inflation, unskilled trade balance, declining public and private investments, falling consumption due to price hikes by maintaining unchanged public sector wages and indirect influence from the war in Ukraine”, it has added.