Republic of Kosovo: 2021 Article IV Consultation-Press Release and Staff Report
2021 Article IV Consultation-Press Release and Staff Report
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Volume/Issue:
Volume 2022
Issue 005
Publication date: January 2022
ISBN: 9781616359324
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Topics covered in this book
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Labor , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Business and Economics - Statistics , International - Economics , fund RELATIONS , CBK balance sheet , growth engine , IMF staff calculation , Policy discussion , Fiscal rules , Budget planning and preparation , Wages , Europe
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.
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