wiiw Forecast Reports
ALBANIA: V-shaped and vibrant recovery of the economy
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in: Recovery Beating Expectations
wiiw Forecast Report No. Autumn 2021, October 2021 , pp. 30-33
The V-shaped recovery that we see suggests that the economy is back on track and will remain sound. GDP growth will accelerate to 6.4% in 2021 and will hover at above 4.5% in the medium term. The tourism sector has had an impressive year and is getting closer to its pre-pandemic level. Growth will be led by investment and by optimistic external and domestic demand, but downside risks stemming from the international markets and the pandemic call for vigilance.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Albania