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Economy

Sejko: Our projections for the performance of the Albanian economy remain positive

  • 10/13/2021 1:18 PM
Sejko: Our projections for the performance of the Albanian economy remain positive

During the last two weeks, the Bank of Albania and the Albanian authorities have been engaged in intensive discussions with the IMF mission, carried out under Article IV, focusing on the current challenges facing the Albanian economy on its way to recovery.

The Governor of the Bank of Albania, in his speech said that the available data, obtained during the first nine months of the year, suggest that the Albanian economy is under a recovery phase. Reducing restrictions as a result of the vaccination process, improving the confidence of Albanian businesses and households, increasing foreign demand, as well as monetary and fiscal stimulus, have supported the rapid recovery of consumption, investment and exports.

Sejko said that although the pace of economic growth is expected to slow down, it will be stable and sufficient to generate a better use of productive capacity, increase employment and wages, and return inflation to target within 2022.

/Klara Ruci/