WB affirms Albania’s growth at 3.5%, Kosovo projected at surprising 4.4% in 2019
The World Bank has published its latest Global Economic Prospects where it assesses the progress of all countries, including Albania.
Regarding the country, the World Bank keeps the same projections for the economy during this year and the next one.
The lender has revised only the rate of growth for 2019 to 3.8%, higher than 3.7% that it projected earlier in the report of January.
The World Bank expects that the Albanian economy will increase by 3.5% during both this year and the next one.
Meanwhile, The World Bank said it has affirmed its projections for Kosovo’s economic growth at 3.9% in 2017.
In 2018, the lender expects Kosovo’s economy to expand by 4.2%, higher than 3.7% projected previously, figures from the June 2017 Global Economic Prospects report showed on Sunday.
The bank has also raised its forecast for Kosovo’s GDP growth in 2019 – to 4.4%, up 0.8 percentage points compared to January’s forecast.
In 2016, Kosovo’s economy grew by an estimated 3.6%.
Both the International Monetary Fund (IMF) and the European Bank for Reconstruction and Development (EBRD) expect Kosovo’s economy to expand by 3.5% in 2017.
The World Bank affirmed its projection for the GDP growth of the Western Balkans region comprising Albania, Bosnia and Herzegovina, Kosovo, Macedonia, Montenegro, and Serbia, at 3.2% in 2017 and 3.7% in 2019. However, the bank lowered its forecast for 2018 by 0.2 percentage points to 3.5%.
SCAN
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