wiiw Forecast Reports
ALBANIA: Moderate growth and rising downside risks
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in: Uncertainty in Turbulent Times
wiiw Forecast Report No. Spring 2020, March 2020 , pp. 61-65
Growth is expected to remain moderate in the coming two years. Private consumption on the demand side and services on the production side will continue to support growth, but at a slower pace. A devastating earthquake hit Albania on 26 November 2019. The conference of donors initiated by France raised EUR 1.15 billion, which will likely spur growth in the short term. Since the EU enlargement process is being reformed, the accession process for Albania is likely to get stricter and more rigorous.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Albania