IMF Chief: This year has slow economic development in Kosovo, except 2.3%

IMF Chief: This year has slow economic development in Kosovo, except 2.3%

IMF Mission leader Gabriel Di Bella at a joint conference with Minister Iron Murati has said Kosovo has been slowing economic growth this year, Periscopi broadcast. The preliminary data indicates slow economic development. With our forecasts for growth, 2-3 percent. There may be increased implementation [...]

The preliminary data indicates slow economic development.  With our forecasts for growth, 2-3 percent. There could be an increase in investment implementation that could change that. We have to wait until the end of the year to see what will affect the economy for the entire year. He said.

Murati confirmed the same.

We've had a slowdown in economic growth this year, and in the hope that we're going to have the stabilisation and fall prices, we've got a fiscal expansion policy, we consider that economic growth will continue next year.

Di Bella also cited rising inflation rates, which she said affected the war in Ukraine. He has even raised the question of what will happen if the current becomes expensive, how it will affect citizens.

“It is no surprise that the war in Ukraine has created a difficult situation for Europe and Kosovo is no exception, and as a result of the war, prices have increased, and that is why Kosovo has caused inflation to take place. Now to ease these shocks, and the government has made several decisions that have been aimed at facilitating this shock”, he said further.

When giving predictions, they are in this environment when there are risks, it's hard to predict correctly. What is forecast to happen is to cut prices, and in this case Kosovo will benefit economic momentum. Now the point is what will happen if energy prices go up, of course these shocks make the future worse”, he said. / P ERISCOPI/

 

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