Kosovo Country Economic Memorandum, November 2021 : Gearing Up for a More Productive Future
Kosovo, one of the youngest countries in an aging Europe, took its first steps on the road to greater prosperity a quarter of a century ago. Kosovo’s economy has experienced significant growth in recent years. The Coronavirus disease 2019 (COVID-19...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2022
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| Online Access: | http://documents.worldbank.org/curated/undefined/099135201212227274/P1719510f2dedc02e0875406790b3f1cbd2 http://hdl.handle.net/10986/36896 |
| Summary: | Kosovo, one of the youngest countries
in an aging Europe, took its first steps on the road to
greater prosperity a quarter of a century ago. Kosovo’s
economy has experienced significant growth in recent years.
The Coronavirus disease 2019 (COVID-19) pandemic has
triggered Kosovo’s first ever recession in 2020. While
spending on education has more than doubled, the quality of
human capital needs to improve. And barriers to women’s
economic empowerment need to be lifted. Proximity to major
markets in Europe and a youthful population provide an
opportunity for growth. Kosovo is one of the youngest
countries in an aging Europe. Trade facilitation and
logistics connectivity are getting better. Proximity to a
large and affluent market, low taxes and labor costs, a
resilient and liquid financial sector, and strong ties with
its diaspora will help support growth. |
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