7 minutes agoVV show with <x0) economic growth”: 2009-2019 average was higher than 2023 projection
Periskopi(3 years ago)
(3 years ago)Since the coming to power, Prime Minister Kurti in particular and other power exhibits have been firmly engaged in one thing; presenting as much data and statistics, comparing numbers with the period of earlier governments in Kosovo. Efforts to promote a positive image of their governance in contrast with [...]
In recent years Kosovo has faced a host of challenges in the area of economic development. Influenced also by the post-Independence and war situation in Ukraine, Kosovo, among the countries with the biggest trade deficit and a Euro-Atlantic economy, was significantly exposed to the global crisis.
Despite the numerous challenges with inflation, the drastic stagnation of real economic growth over the past year, the low realisation of capital investments and the burden of the trade deficit, <x0). Kosovo's economic growth” was one of the “arguments” most frequently used by the Kurti government.
Claimed Economic Growths
Formed in 2021, the Kurti government found a post-independent Kosovo with an exponential economic growth.
Although proud of each presentation with him, Kurt never mentioned in any case what concrete policies of government led to this increase.
The fact that 2021 economic growth, of 10.7 percent, was not the result of any measure of government Kurti became clear a year later, when Kosovo experienced a deep stagnation of real economic growth, which fell to about 3.5 percent according to the IMF.
In the second quarter of 2022, Kosovo's economic growth was contained at 2.1 percent, marking the lowest growth rate since 2014 if we rule out 2020, when world economies were experiencing the impact of an pandemic that caused many states to a temporary collapse.
In terms of economic growth projections in 2023, economic expert Edison Yacurti, by commenting on a Facebook clarification, comments on a “The Economist” on economic growth, said projected growth (3.7 percent) is nothing new because Kosovo has had such growth in the past.
So two things were designed: (a) that Kosovo's real economic growth could be up to 3.7% (the highest quality given by these institutions) and (b) that this will be the highest in the region. What does that mean? Nothing new. None of this is what we haven't seen in the past”. He wrote the Yakurti.
In fact, Yacurti ʹ referring to an illustrative board of economic growth over the years of countries in the region has shown that in 2009-2019, Kosovo's real economic growth was about 4.7 percent, which at the same time makes it 27 percent higher than the forecast for the current year.
“From Table 1 can be seen that, according to data from the World Bank, after the Declaration of Independence, in the 2009-2019 period, the average real economic growth in Kosovo has been around 4.7%. For statistics concerns, this increase is about 27% higher than the best projection for 2023.” he wrote.
