Albania Economic Outlook
November 27, 2018Economic growth should have been strong in Q3, supported by healthy growth in exports and tourist arrivals, and favorable weather buttressing electricity generation. Similar drivers appear to be at play in Q4. In October, robust export growth was driven by the minerals, fuels and electricity sub-sector. On 20 November the IMF concluded its staff visit to Albania. Despite affirming a positive outlook on growth, the IMF encouraged the government to speed up fiscal consolidation. The IMF also called for an improvement to the monetary policy transmission mechanism, to boost credit growth.
Albania Economic GrowthGoing forward, growth should be solid thanks to stronger exports, fixed investment and public spending. Global financial tightening, an economic slowdown in the EU and vulnerability to drought—which would dampen domestic electricity production—are downside risks. Our panel expects growth of 3.8% in 2019, unchanged from last month’s forecast, and 3.6% in 2020.
Albania Economy Data
5 years of Albania economic forecasts for more than 30 economic indicators.
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|Exchange Rate||108.8||-0.56 %||Dec 12|
|Stock Market||0.1||0.0 %||Dec 12|
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