wiiw Forecast Reports
ALBANIA: Economic development under house arrest
publication_icon
in: On Thin Ice: CESEE Core Resilient in the Face of EU Stagnation and the Ukraine Crisis
wiiw Forecast Report No. Autumn 2014, November 2014 , pp. 85-87
ALBANIA
Albania’s GDP growth rates are expected to hover around 1% in the years to come. Weak domestic demand, especially due to fiscal austerity measures, is the main reason for the sluggish development that is a far cry from pre-crisis economic dynamics. The signals emanating from the private sector are contradictory and do not make for a more optimistic outlook at present.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Albania