World Bank: Economic growth in Kosovo is slow

World Bank: Economic growth in Kosovo is slow

Pristina, 27 September 2016/Independent Balkan News Agency

By Elton Tota

Economic growth in Kosovo has been projected to be 3,6% for 2016, while last year this growth was 3,9%.

This was said during the presentation of the annual report of the World Bank for Kosovo. According to the report in question, until 2018, Kosovo’s economic growth will not be any higher than 3,8%.

World Bank economist, Agim Demukaj declared that this growth is solid and slow.

“Kosovo needs a 7% economic growth to tackle unemployment. The gridlocks in the economy come as a result of the drop of foreign investments and the failure of the privatization of Brezovica and Kosovo Telecom”, he said.

According to him, during this year, the country will face budget pressure due to the large number of veterans of the last war, whom the government must remunerate.

Meanwhile, economy expert, Shkelzen Dakaj told IBNA that the current economic situation of Kosovo cannot go on like this for much longer, because living standards are falling. /