Slow economic growth, 2023, also requires reform

This economic growth is being described as insufficient for sustainable economic development and lowering unemployment. It is even estimated that if this trend continues, the migration level will rise.

Kosovo Chamber of Commerce and Industry Executive Director ( D TIK), Zana Beqiri says to Kosovo Press, that the country has marked economic impasses this year.

Beqiri stresses that despite Kosovo having very good potential to develop economically, he adds that the government is not serious about work in this direction.

“potentials are very good, Kosovo has very good opportunities, there are very serious companies, there are investors and fellow natives who want to invest, but here it is questioned how interested the government is to invest together with its citizens. Because, the government's most serious investor, is stuck with investments, is boasting with lack of projects and lack of public debt”, Beqiri says.

The chairman of the Kosovo Economic House, Lulzim Rafuna, stresses that economic growth forecasts this year are 3.5 to 3.7 per cent.

Those predictions, according to him, are also from international financial institutions.

Our predictions behave toward what they've given him The IMF and the World Bank that this year economic growth will behave 3 to 3.7 per cent, just as the economic trend is going today as we speak” points out, Rafuna.

Meanwhile, economics professor Florin Aliu has accused the government of lacking real reforms in the country. According to him, economic growth in the country should be at least double what is highlighted in the Kosovo Central Bank report for a rate of 4 per cent.
Aliu says the government is stuck in economic development. As it adds that if the government does not find mechanisms to shift economic growth, other parameters are completely insignificant.

We need economic growth for about 8 percent, which can reduce this unemployment rate because the potential exists. Among young people, unemployment is even higher, and this shows the fact that the population's large migration, which is largely happening for economic reasons - low incomes. We need to find meczanisms on how to shift economic growth, if we don't achieve that, then other parameters are insignificant, because if we have greater economic growth, it's the largest budget, there's more investment in any sector”, Aliu says.

Until he has asked the government to create real reforms, he says that if this trend continues so, even migration levels will increase.

This very little government has been identified for reform, or nothing, I don't remember any serious reform, which would make a hope that the development potential would shift it to a higher level, not to discuss EU sanctions, we depend too much on funds... If the economy coincides better, then all other parameters are regulated, even migration begins to halt, even as it has now emerged to decrease, because employed people have less time to deal with problems. Therefore, the focus always has to be the economy, reform... if we continue with this level of migration, then we risk economic stability, but also endanger other people in Kosovo, migrants”, Aliu adds.
Last year, the country had Bruto's local production rate (BPV) about 3 percent.