Government Kurti warns no economic growth this year, guilt leaves war

Government Kurti warns no economic growth this year, guilt leaves war

Finance Minister Iron Murati has said that despite economic activity exceeding expectations with a record increase, for this year they are obliged to review the planning. During this year, Kosovo is expected to have smaller economic growth. This is because of the movement of prices on global markets and the impact on war [...]

During this year, Kosovo is expected to have smaller economic growth.

This was due to the movement of prices on global markets and the impact from war in Ukraine.

“As a result of shocks in the supply chain on global markets and the consequences of the war in Ukraine, Kosovo's economy is expected to have a more moderate growth in 2022, so financial ministry estimates have been revised compared to the initial ones this year. We expect the real growth of 2022 to reach 5.7 %, driven mainly by net exports and investments, while nominal growth will again be bi-final, yet it is inflationary pressures affecting real growth this time to be the lowest”, Murati has said in the Government Meeting.

Based on data by April, Murati said budget revenues have continued to mark growth compared to the previous year, so 21% more. As a result of economic growth and informality.

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