A few days after the World Bank issued a report about the economic growth of Albania for the next three years with 3.5%, the European Commission has published its report, saying that the economy will increase by only 3% during 2015.
“The Albanian economy is experiencing a noticeable improvement after the negative performance of it in the last years. For the upcoming year, the European Commission foresees an economic growth of 4% and for 2017 the economy will increase by 4.5%,” says the report.
Speaking about the unemployment rate, the report foresees a progressive decrease of it in the upcoming months, as well as the decrease of the government’s debt.
The decision of the government in paying the outstanding debts to businesses has significantly improved the business climate and now businesses are enjoying better conditions to do business and invest in the country, according to the report. In addition, the bank system has been evaluated positively based on its performance of the past year but the level of outstanding loans is still a problem that needs a quick solution.
The report also gives suggestions for the Albanian government to enhance its efforts in growing the economy and decreasing the unemployment.
News source: Scan TV
Photo credits: geralt / Pixabay
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