Tag: Albania GDP

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Albania’s Economy to Shrink 7.6%, BoA Foresees
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Albania’s Economy to Shrink 7.6%, BoA Foresees

TIRANA, October 8 Governor of the Bank of Albania (BoA) Gen Sejko said on Thursday that Albania’s Gross Domestic Product (GDP) will decrease 7.6 percent in 2020 as a result of the COVID-19 pandemic. However, Sejko said that the worst is past, as the lowest point was during the second quarter (Q2) of 2020. According,...

Albania Must Reduce Deficit, IMF Urges
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Albania Must Reduce Deficit, IMF Urges

TIRANA, November 21 The International Monetary Fund (IMF) has forecast a GDP growth at 4 percent. Despite this, the head of IMF’s mission to Tirana, Jan Kees Martijn said that there’s much to be done in order to produce a steady and inclusive economy that will help to reduce emigration. In order to achieve this,...

The EBRD report: Albania’s GDP to increase by 3% in 2016
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The EBRD report: Albania’s GDP to increase by 3% in 2016

The European Bank for Reconstruction and Development has published a report regarding the perspective of the regional economy, according to which the GDP of Albania will increase by 2.5% for 2015.  “The macroeconomic performance of Albania has improved due to the reached agreement with the IMF in the beginning of 2015. However, the massive flooding...