wiiw Forecast Reports
ALBANIA: Moderate recovery and mass vaccination against COVID-19 started
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in: Darkest before the dawn?
wiiw Forecast Report No. Spring 2021, April 2021 , pp. 42-46
Recovery will be slower than expected, as the pandemic is still weighing on economic activity. Domestic demand will support growth, but still at below pre-pandemic levels. External demand has improved somewhat, but will remain weak, as demand in the services and tourism sectors depends heavily on immunisation not only at home, but also in the EU countries. We expect the economy to grow by 4.5% over the medium term.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Albania