wiiw Forecast Reports
ALBANIA: New energy for the economy
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in: A Time of Moderate Expectations
wiiw Forecast Report No. Spring 2015, March 2015 , pp. 85-88
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ALBANIA
GDP growth is expected to increase progressively over the next three years, rising by 2% in 2015, 2.2% in 2016 and 2.4% in 2017. The economy might benefit from a resolute reform in the energy sector and growth in gross fixed capital formation stemming mainly from foreign direct investment in energy infrastructure. Nonetheless, with government and household consumption failing to thrive, the country’s economy still begrudges the growth rates achieved in 2010 and earlier years.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Albania