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Kosovo GDP Growth Rate YoY
Economic growth in Kosovo is primarily driven by private sector consumption and investment, which are the two most important drivers of growth. When a country experiences a high unemployment rate, it is presumed that the shadow economy employs the vast majority of those who are formally unemployed. When it comes to expenditures, household consumption is the most important component of GDP, accounting for 88% of total use. This is followed by gross capital formation (26%) and government expenditure (17%). Exports of products and services account for 20% of GDP, while imports account for 51% of GDP, resulting in a net loss of 31% of total GDP. Kosovo is one of only a few countries outside of the European Union to have adopted the Euro as its official currency.
A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.
Forex Sentiment (EUR)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURUSD |
|
|
1.0692 -217 pips |
1.0934 -25 pips |
1.09092 | |
| EURAUD |
|
|
1.6808 -407 pips |
1.7185 +30 pips |
1.72146 | |
| EURJPY |
|
|
156.9833 -629 pips |
164.4529 -118 pips |
163.272 | |
| EURCAD |
|
|
1.5343 -274 pips |
1.5619 -2 pips |
1.56173 | |
| EURCHF |
|
|
0.9486 -96 pips |
0.9739 -157 pips |
0.95824 | |
| EURCZK |
|
|
0 -249964 pips |
24.9887 +77 pips |
24.99640 | |
| EURGBP |
|
|
0.8365 -42 pips |
0.8448 -41 pips |
0.84071 | |
| EURHUF |
|
|
395.9839 -236 pips |
404.2515 -591 pips |
398.34 | |
| EURNOK |
|
|
8.0700 -34461 pips |
11.6203 -1042 pips |
11.5161 | |
| EURNZD |
|
|
1.8393 -440 pips |
1.8880 -47 pips |
1.88328 |
News (EUR)
German Economic Sentiment Strongest Since 2022
Investor confidence in Germany improved sharply to the highest level in more than three years in March on strengthening expectations regarding fiscal policy, a closely watched survey published by think tank ZEW showed Tuesday. The ZEW Indicator of Economic Sentiment climbed to 51.6 in March from 26 in February. The last time this indicator posted such a substantial increase was in January 2023.
RTTNews | 1 day ago
Eurozone Industrial Output Rebounds In January
Euro area industrial production recovered at a stronger-than-expected pace in January due to the rebound in intermediate and capital goods output, official data revealed Thursday. Industrial output grew 0.8 percent on a monthly basis in January, reversing a 0.4 percent fall in December, Eurostat reported. Output was expected to climb 0.5 percent.
RTTNews | 6 days ago
ECB Chief Says Uncertainty Exceptionally High
European Central Bank President Christine Lagarde said the level of uncertainty is exceptionally high and maintaining stability has become difficult. "The level of uncertainty we are facing is exceptionally high," she said at a conference organized by the Institute for Monetary and Financial Stability at Goethe University Frankfurt on Wednesday.
RTTNews | 7 days ago
