Albania Economic Outlook
January 8, 2019The economy powered ahead in Q3, propelled by strong electricity generation due to favorable weather. Looking at GDP by expenditure, private consumption and fixed investment were robust, with the former boosted by lower unemployment. Solid momentum was likely maintained in Q4, with brisk annual merchandise export growth in October and November. On the political front, the government recently announced an over-8% increase in the minimum wage for 2019, while the PM reshuffled his cabinet in response to student protests.
Albania Economic GrowthGoing forward, growth should be solid thanks to stronger private consumption, fixed investment and exports. An economic slowdown in the EU and potential drought—which would dampen domestic electricity production—are downside risks. Our panel expects growth of 3.8% in 2019, unchanged from last month’s forecast, and 3.6% in 2020.
Albania Economy Data
5 years of Albania economic forecasts for more than 30 economic indicators.
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|Exchange Rate||119.7||-0.56 %||Jan 22|
|Stock Market||0.1||0.0 %||Jan 22|
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