Kosovo is a lower-middle-income country which has experienced solid economic growth over the last decade. Kosovo is one of only four countries in Europe to experience growth in every year since the onset of the global financial crisis in 2008.
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Analysts’ assessments of Kosovo’s development fluctuate between disastrous (en route to becoming worse) and resilient (with the potential of considerable growth acceleration). Available statistics help... Show More + to underpin any view on the state of the economy—starting from a youth unemployment rate of 60 percent (terrible), a trade deficit of more than 40 percent of GDP (bad), and average income of about €2,700 (unacceptable) to non-performing loans of 7½ percent of total credits (still acceptable), average real GDP growth rates during 2008–12 GDP of 4.2 percent (respectable), fiscal deficits of 1.6 percent of GDP over the same five-year period (good), public investments of 40 percent of total budgetary expenditure (very good), and a stock of public debt of less than 8.5 percent of GDP (exemplary). All figures are for 2012, unless indicated otherwise.As in any other economy, unemployment and poverty are lagging indicators. For this reason, it is not surprising that the widespread economic pessi Show Less -