Assuming that the economic shocks in the economy of Kosovo will be felt more in the first and second quarter and partly in the third quarter of the year, our preliminary forecasts suggest a real economic decline in the range of -2% to -4% during 5  2020. However, it's too early for these forecasts so they should be taken with great caution.
We think of that as the bad old days, but if you were an international funds manager, you may look back on it as the good old days. Another factor that has contributed to the improved acceptance of Australian government paper is the recognition that our fiscal policy is very responsible by international standards. The Budget has been in surplus for some time now.