Economists say economic growth 3.9% is insufficient for a poor country like Kosovo

Co-ordinators of economic issues are weighing the economic growth of 3.9 percent this year, according to Kosovo Central Bank projections (BQK).

Those for the Online Economy have said such growth, for a poor country like Kosovo, does not offer a sustainable economic development, nor does it guarantee social stability.

University professor Medain Hashani has said this is the lowest increase in Kosovo's history since the post-war, while combined with average inflation of about 29 percent in the last three years, economic and budget stability in the country is at risk.

And to achieve sustainable economic development, according to Hashan, growth must be digital.

The 3.9 per cent economic growth shows a country such as Kosovo, a very poor country, where even on the basis of statistics which have been introduced by EUROSTAT turns out that Kosovo is the second of the world's poorest countries in relation to other countries. This shows that a country for rapidly developing economic growth should have two digits because with economic growth of 3.9 percent, while if we measure inflation that the average for three years has gone by 29 percent, it shows that we have a budgetal instability and economic instability”, Hashan said.

On the other hand, the professor has said that even loans have increased largely so that <x0-cypressors can cover the inflation vacuum”.

This, as he has said about the EO, has also raised interest rates from commercial banks in Kosovo.

He has said that the current government has done no major project that would have impact on economic growth and that an increase below 4 per cent, according to him, is the lowest increase in Kosovo's history since the post-war.

“We are a country with a very scarce economy, there is no economic development, and the economic growth that occurred in earlier years, in past governments has occurred as a result of capital investments that have been made. While in current governance we haven't personally seen, I haven't seen, any major project made by this government that we can boast that it has created economic growth in that part of the potential continued economic development capacity because we can't have economic growth without economic growth and growth below 4 percent is the lowest growth in Kosovo's history since war”, he said.

Even former head of the Kosovo Economic Ocean, Safet Gerjaliu, has said that Kosovo needs a substantial and not just numeric economic growth. According to him, 3.9 percent growth does not provide sustainable growth.