The acting Prime Minister, Albin Kurti, has commented on the latest World Bank report regarding the slowdown of economic growth in the Western Balkans.
According to this report, economic growth in the Western Balkans is expected to decline from 3.6 percent in 2024 to 3 percent this year, with Kosovo projected to experience the sharpest drop.
During his visit to the “Kosova B” Power Plant, Kurti addressed the report, stating that “Kosovo, in the second quarter of this year, recorded an economic growth of 4.58 percent of the Gross Domestic Product (GDP).”
“We are doing everything we know and can to support the private sector, as well as public enterprises, and to help citizens with financial assistance in order to boost aggregate demand. We are also supporting Kosovo’s exports and, as you can see here, the generation of electricity — with investments increasing both capacity and security, as well as sustainability. The good news is that Kosovo, in the second quarter of this year, recorded an economic growth of 4.58 percent of GDP. And don’t forget that, for many indices — both democratic and economic — Kosovo is leading the Western Balkans. I believe this will continue,” said Kurti.
The acting Prime Minister, Albin Kurti, also stated that “the figures show there is no reason for concern,” adding that in the past four years, the average economic growth rate has been 6 percent.
“In the past four years, the average economic growth has been 6 percent, never falling below 4 percent. In the second quarter of this year, it is 4.58 percent. So once again, we are not dropping below 4 percent — we’ll see how the report for the third quarter turns out. But so far, things are good. International reports prepare us even more, but of course, for now, the figures show there is no reason for concern,” the acting Prime Minister added.
According to the World Bank, delays in forming a new government could negatively affect investments and slow progress in structural reforms.
