wiiw Forecast Reports

ALBANIA: Growth will lose vigour

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Isilda Mara

in: Moving Into the Slow Lane
wiiw Forecast Report No. Spring 2019, March 2019 , pp. 57-61

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Economic growth, supported both by domestic and external demand, will continue, but at a slower pace. Remittances – close to 6% of GDP – will boost consumption, and will also contribute to a lower current account deficit. Fiscal consolidation is expected to continue, via a cut in expenditures. Intensification of investments in renewable energy is expected to boost alternate sources of energy production. Uncertainty about FDI inflows is expected. Political unrest and massive protests threaten macroeconomic stability and the process of EU integration. 

 

Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Albania


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