wiiw Forecast Reports

KOSOVO: Headwinds from soaring inflation and the energy crunch

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Isilda Mara

in: Bracing for the Winter
wiiw Forecast Report No. Autumn 2022, October 2022 , pp. 97-100

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The economy will grow by around 3% in 2022 and 2023, despite the war-related inflationary pressures and the energy crunch. Inflation is expected to soar to 10% this year, a casualty of rising food and energy prices. The country’s trade deficit has deteriorated further, despite the big rise in exports. The positive trend in foreign direct investment has been maintained. The dire state of the labour market and high unemployment suggests that there will be a weakening in consumption, although support from the Kosovo diaspora has increased.

 

Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Kosovo


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