Kosovo Business Connection: World Bank report confirms our economic climate deterioration concerns

Kosovo Business Connection: World Bank report confirms our economic climate deterioration concerns

The Kosovo Business Connection has reacted after the World Bank report on worsening the economic climate. Through a response, the LBK has called for institutional response to improving the economic situation. Kosovo's economic growth, projected at 4.4% for 2024, is expected to drop to 3.8% for the years 2025, 2026 and 2027. “According to this report, [...]

Through a response, the LBK has called for institutional response to improving the economic situation.

Kosovo's economic growth, projected at 4.4% for 2024, is expected to drop to 3.8% for the years 2025, 2026 and 2027.

According to this report, global economic growth for 2025 is expected to slow to 2.3%, due to deepening international uncertainty, weakening demand and geopolitical factors. In line with this trend, Kosovo's economic growth, forecasted at 4.4% for 2017, is expected to drop to 3.8% for 2025, 2026 and 2027 a clear signal of weakening developmental momentum. ”/Periscope/

Full communication:

Our concerns about worsening the economic climate are no longer warnings. They are a reality confirmed by the World Bank. Today, more than ever, immediate action, clear vision and genuine partnership between state and business is required. If the economy falls, everyone falls!

The Kosovo Business Connection (LBK), as representative of business interests and local producers, has constantly raised concerns about the progressive deterioration of the economic climate in the country. These concerns are confirmed today by the World Bank's latest report “Global Economic Perspections” (June 2025), which reviews the reduction of economic growth projections in Kosovo, signalling a more fragile perspective and new challenges to macroeconomic sustainability.

According to this report, global economic growth for 2025 is expected to slow to 2.3%, due to deepening international uncertainty, weakening demand and geopolitical factors. In line with this trend, Kosovo's economic growth, forecasted at 4.4% for 2017, is expected to drop to 3.8% for 2025, 2026 and 2027 a clear signal of weakening developmental momentum.

World Bank reduces projections for Kosovo's economic growth for 2025 and 2026

 

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