Inflation took a surprise tumble in February, hitting a 2-year low! But net core inflation remains sticky, and rising wages threaten to reignite price pressures. The central bank is taking a wait-and-see approach, keeping rates steady for now. However, we expect them to hike again later this year as inflation potentially heats up again. The battle against inflation is far from over. Will BoA be able to navigate this economic rollercoaster? |
Kosovo's 2023 growth story centres on robust domestic demand, propelling a moderate 3.3% GDP rise. But there's a glimmer of hope beyond economics. The CEC's decision to hold elections in Serb areas offers a chance to thaw tensions. Could this political step pave the way for a brighter future for Kosovo's economy? |
As Albania's tourism industry booms, the true extent of economic growth remains shrouded in mystery. Under the surface, other critical sectors struggle to keep pace, challenging the optimistic outlook. Albania's tourism growth has painted a picture of economic growth, but the true story is more nuanced. Behind the scenes, high informality in the tourism sector is obscuring the true impact of tourism receipts. |
Kosovo's economy edges higher, but growth remains below forecast, with GDP reaching 3.0% in Q3 2023. Domestic demand, led by resilient household consumption, supported growth. However, exports faltered, and investment growth lagged. |
Despite a tapering off in economic growth, the banking sector continues to thrive with positive advancements. Loans experienced notable expansion, driven by both households and businesses. Looking ahead, loan growth is expected to slightly decrease in 2024, while interest rates rise. Customer deposits remain a cornerstone, with growth sustained by higher deposit rates. The banking sector showcases impressive financial performance, including consistent net profit growth. Additionally, Kosovo is making significant strides in advancing its climate policy agenda. New market entrants are on the horizon and the contribution of the banking sector to reduce pollution and enhance energy efficiency is increasing. |