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Economy

WB: Albania's economy is growing by 5.1% this year, second in the region with the highest growth

  • 1/18/2021 9:15 AM
WB: Albania's economy is growing by 5.1% this year, second in the region with the highest growth

Albania should support the economic recovery projected for this year in 4 main pillars, where the most important is the effective management of the COVID-19 pandemic. According to the World Bank report on the global economic outlook, in order to have economic growth in 2021, the spread of the virus should be limited, vaccination programs should be opened, debt growth should be balanced with fiscal support measures and ambitious reforms should be undertaken to cope with the damage caused by the pandemic. But despite the prevailing uncertainty, the international financial institution expects a positive performance of the economy this year, which in the best case scenario will recover by 5.1%, close to the forecast made by the government for an increase of 5.5%.

/Klara Ruci/