Kosovo is expecting a 4% economic growth

Kosovo is expecting a 4% economic growth

Pristina, Tirana, 10 August 2016/Independent Balkan News Agency

By Elton Tota

Based on real indicators, authorities in Pristina predict a 4% economic growth this year. Minister of Finance, Avdullah Hoti says that the reforms and new strategies in economy are yielding the necessary results.

“I am convinced that our strategies will lead to a 3 to 4% economic growth until the end of the year. I believe that 2017 will see a big leap in terms of economic growth”, Hoti says.

Meanwhile, economy experts say that they are pessimistic about the government’s expectations.

Arian Zeka, head of the American Chamber of Commerce in Kosovo, says that this year, there are many indicators that show that economic growth may not be any higher than last year.

“Given that direct investments in 2016 has not been satisfying, I doubt that we will have economic growth”, he says.

Safet Gerxhaliu, head of the Kosovo Chamber of Kosovo, says that it is not a good thing for the government to rely on consumption to predict economic growth.

“The government claims that economic growth for 2016 will be 4%, but we know that several strategic projects are failing. Kosovo needs to create new jobs, attract foreign investments, improve the balance of payments.  This way, we could have several indicators which would generate this growth”, he said. /balkaneu.com/