wiiw Forecast Reports
ALBANIA: The challenge of stepping out of the shadow
in: Mixed Prospects: Consumption Leads Fragile Recovery in the CESEE Core – CIS Stumbles
wiiw Forecast Report No. Autumn 2015, November 2015 , pp. 53-56
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ALBANIA
A credit market lacking vigour, a contraction of exports and meagre fiscal performance are restraining economic growth. Differently, an outstanding performance in terms of gross fixed capital formation, foreign direct investments and remittances, which are flourishing again, is expected to boost the economy by 2.6% in 2015. Growth above 3% is expected in 2016-2017. The rigorous campaign against the shadow economy and consequently a more efficient tax collection can open up more space for public investments.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Albania