Republic of Kosovo: 2021 Article IV Consultation-Press Release and Staff Report

Author: International Monetary Fund. European Dept.

2021 Article IV Consultation-Press Release and Staff Report

Volume/Issue: Volume 2022 Issue 005

Publication date: January 2022

ISBN: 9781616359324

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Business and Economics - Statistics , International - Economics , Labor , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , fund RELATIONS , CBK balance sheet , growth engine , IMF staff calculation , Policy discussion , Fiscal rules , Budget planning and preparation , Wages , Europe

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Summary

After contracting more than 5 percent in 2020, Kosovo’s economy is projected to have recovered by 7.5 percent in 2021, thanks to mobility normalization, extraordinary diaspora inflows, and strengthened confidence. Improved vaccination rates supported these trends and mitigation and recovery measures provided lifelines to those most affected by the pandemic. Though GDP growth is expected to normalize in 2022, the new omicron variant is a reminder that the pandemic continues to represent the main downside risk.