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Albania’s Economic Growth to Slowdown in 2022, WB Says
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Albania’s Economic Growth to Slowdown in 2022, WB Says

TIRANA, January 12 Albania’s GDP growth will drop to 3.8 percent in 2022 from 7.2 percent in 2021, the World Bank (WB) Global Economic Prospects cited on Tuesday. According to the WB, the country’s GDP growth in the 2022 forecast will be 0.1 percent points more than June’s forecast. Moreover, growth will be seen slowing...

Albania’s GDP to Contract 8.4% as COVID-19 Threatens Recovery
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Albania’s GDP to Contract 8.4% as COVID-19 Threatens Recovery

TIRANA, October 22 The COVID-19 pandemic has plunged the Western Balkan countries (WB6) into an economic recession. Montenegro, Albania, and Kosovo are expected to be the worst-hit as they are highly dependent on tourism and the pandemic has been disruptive across all branches of the tourism sector. The latest Regular Economic Report from the World...

Albania’s Economy May Shrink 7.5% in 2020, IMF Says
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Albania’s Economy May Shrink 7.5% in 2020, IMF Says

TIRANA, September 29 The International Monetary Fund (IMF) projected a 7.5 percent decline of the Albanian economy in 2020. This and other findings were published on the IMF’s Statement of the first post-program monitoring Mission. According to the statements, the coronavirus impact on the economy, which depends on tourism and remittances, and the earthquake of...

Albanian Govt Lowers 2019 GDP Growth Forecast
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Albanian Govt Lowers 2019 GDP Growth Forecast

TIRANA, November 5 The Albanian government has lowered its 2019 forecast for economic growth to 3.4 percent from 4.3 percent before, Minister of Finance and Economy Anila Denaj reported to the Parliament on Monday. The minister said that the lower GDP growth forecast will come with less income in the state budget. Yet, she added...

Q2 Albania’s Economic Growth Left at 2.31%
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Q2 Albania’s Economic Growth Left at 2.31%

TIRANA, October 1 The Albanian economy grew more slowly in the first half of 2019 compared to the same period of 2018. This was confirmed by the recent stats provided by the Institute of Statistics (INSTAT). Slow growth might persist through the end of the year, largely because the Trans Adriatic Pipeline (TAP) is reaching...