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Albania: growth hampered by the difficulties in the Eurozone

EC, 'Economic slowdown can hinder European integration'

08 May, 14:10
(ANSA) - BRUSSELS, MAY 7 - Albania's economic growth continues at the rate of 3.8% for 2019, but the uncertainties in the main European trading partners are a burden, according to the European Commission's spring economic forecasts. The growth of Albania in 2019 should remain solid, ''driven by private consumption and by strengthening investments'', and should fall slightly to 3.7% in 2020 ''due to the slowdown in employment and growth in the main EU economic partners, which affect remittances and exports of raw materials''. Inflation is still at 2%, weighed down by the appreciation of the Albanian Lek compared to the euro. The Union expects that ''the value of the currency will return to a more realistic level in 2019 when the effects of temporary appreciation dissipate''. The big public debt - 67.3% at the end of 2018 - will continue to gradually decrease, reaching 63.3% in 2020.

(ANSA).

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