Republic of Kosovo: Staff Report for the 2015 Article IV Consultation
Electronic Access:
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Summary:
This 2015 Article IV Consultation highlights that growth in Kosovo has proven relatively resilient and stronger than in its western Balkan neighbors, averaging slightly more than 3 percent over the last five years. Steady remittances from the diaspora living in advanced European economies continue to be a key driver of growth, supporting as they have private consumption and investment. Medium-term growth prospects of some 3.5 percent per year, while reasonable, are not strong enough to steadily lift incomes towards regional standards, or to create enough jobs in a country with very high unemployment. Kosovo’s banks remain liquid, well capitalized, and profitable. Nonperforming loans ratios are slightly elevated at 8.4 percent, but are stable and fully provisioned.
Series:
Country Report No. 2015/131
Subject:
Banking Fiscal policy Fiscal rules Income Labor National accounts Public debt Public sector wages Wages
English
Publication Date:
May 21, 2015
ISBN/ISSN:
9781513507880/1934-7685
Stock No:
1UVKEA2015001
Pages:
66
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