Albania’s economy is expected to increase by 3.5% for the three upcoming years, according to the World Bank’s latest report on Albania. For 2015, the WB predicts an economic increase by only 3%, while for the next two years it foresees an increase by 3.5% of the Albanian economy.
The World Bank suggests to the Albanian government to deepen the reforms in order to boost the economic growth and to create new job opportunities. The economic growth in Albania will be supported by the abilities of the private sector to recover, says the report.
Many European countries are far from the best practices regarding the business climate, which would increase the productivity, cites the World Bank report. The report says that the Bank has made these predictions based on the projections of the global economic perspective for the next three years.
News source/photo credits: ATA