The Vienna Institute for International Economic Studies: Albania, positive growth indicator

TIRANA, March 21

The Vienna Institute for International Economic Studies has published the most recent projections for the economies of Central and Eastern Europe.
Albania’s economy is projected to an increase of 3.5% during the year, under the projections of their government and under the latest projections of the International Monetary Fund, which show an increase of 3.7-3.8%.
Meanwhile, for the upcoming two years, the Vienna Institute speaks for economic growth to 3.9% and 4%. While the unemployment rate is projected to fall to 14.8% during the year, and 14.5 and 14% during the next two years.
Institute projects that starting from next year, Albania will become the place with greater economic growth in the region.
Regarding the inflation rate, Albania leaves its neighbors behind, ranking in the first place. Figures show that the Albanian economy is more stable in the region, and Serbia follows it, which also offers some very positive results.
Regarding the whole region, the Vienna Institute speaks in a very positive tone, noting that the overall environment remains favorable, while the situation as well as the financial economy has stabilized significantly.

News Source: ATA