Albania: Economic Growth below Potential

BusinessEconomy ♦ Published: October 15, 2013; 16:48 ♦ (Vindobona)

Structural reforms are needed to boost productivity and competitiveness and avoid weaknesses, according to the International Monetary Fund (IMF).

Albania: Economic Growth below Potential / Picture: ©

According to a report by the International Monetary and Financial Committee of the IMF, GDP in Albania is expected to increase this year, coming close to 2 percent after reaching 1.6 percent last year and will continue to marginally grow next year.

Despite strong exports due to structural improvements in the economy, improved real exchange rates and GDP starting to increase…