The World Bank (WB) has predicted a slowdown in the real growth of the Gross Domestic Product (GDP) for 2022.

According to the WB report published on Tuesday on the economy in Europe and Central Asia, growth is expected to be 3.1 percent, and this is due to the slowdown in investments and private consumption.

The report also states that support to mitigate the impact of rising energy and food prices should be focused on the most vulnerable.

“While in the medium term, the accelerated implementation of structural reforms in energy, education, social protection and health care is essential to increase the inclusive and sustainable economic growth of Kosovo”, the report states.
The WB points to an increase in inflation of 13 percent in August 2022.

“After reaching a record 10.5 percent in 2021, GDP growth moderated to 3.2 percent in the first half of 2022, driven by domestic demand and exports. Inflation rose to 13 percent in August 2022, driven by rising import prices. Food and transport price increases exceeded 20 percent by August 2022, disproportionately affecting the most vulnerable,” the report also states.