wiiw Forecast Reports
ALBANIA: INSTAT replay
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in: Investment to the Rescue
wiiw Forecast Report No. Spring 2014, March 2014 , pp. 89-90
ALBANIA
We expect 2014 GDP growth in Albania to slightly accelerate to 1.7%; the reason being a mix of a statistical base year effect due to weak growth in 2013 and strong foreign investment in the energy sector. However, restrictive fiscal policy and reduced lending activity owing to high levels of NPLs will likely curtail economic growth to 1.5% in 2015 and 1% in 2016. The current and expected meagre growth is not only a far cry from the pre-crisis performance but will not suffice to generate a visible income convergence.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Albania