
EBRD leaves the forecast for Albania's GDP unchanged: The economy will grow 2.5% this year
Albania's economy will grow by 2.5% this year according to the fall projections of the European Bank for Reconstruction and Development (EBRD), which left the forecast unchanged, the same as in the spring 2023 report.
Our country's economy grew by 2.7% in the first quarter of 2023, driven by weaker demand, although inflation was falling. Exports of goods decreased yesterday, due to the decrease in external demand and the strong appreciation of the lek.
The value of the Lek was 12% higher in July 2023 than a year earlier, reaching the highest level on record, supported by the higher number of tourists, as well as continued inflows of remittances and direct investments.
The EBRD analyzed that the appreciation of the currency offset part of the inflationary shock, which enabled an adequate monetary policy with a rate of 3% until the end of August 2023.
The EBRD predicts that economic growth is expected to continue at an average pace of 2.5% in 2023, given the weaknesses and prospects of Albania's main trading partner, Italy, and still high food inflation, which is eroding disposable income.
On the other hand, the exceptionally strong performance of the tourism sector, where the number of visitors grew by 30% year-on-year in the first seven months of 2023, is expected to support growth in both the short and medium term.
In line with the projected global recovery, economic growth is forecast to return closer to its potential, reaching 3.3% in 2024.
Western Balkan economies faced weak demand in trade with European partners, but this was partially offset by the strong performance of the tourism sector in service-based economies such as Albania, Montenegro and Kosovo.
GDP growth is expected to slow further this year, as the main partners in the Eurozone have slow growth rates (with a recession forecast in Germany).
On the other hand, inflation, while slowing down, continues to be a tax on household consumption.
Economies in the Balkans are increasingly turning to the external market for debt financing, with Serbia, North Macedonia and Albania issuing Eurobonds in the first half of 2023, and Kosovo, North Macedonia and Serbia engaged in debt financing programmes. continuous with the International Monetary Fund./Monitor
Latest news







Naim Murseli's father speaks: I love Liridona more than my children
2023-12-04 21:23:38
On his way back from work, the 43-year-old Albanian died in an accident in Italy
2023-12-04 20:51:09







Moscow is gripped by frost, temperatures in Siberia drop to minus 56 degrees
2023-12-04 18:27:21
The deputy commissioner of Fier is suspended from office
2023-12-04 18:15:14


Dua Lipa is photographed in the car with the famous singer
2023-12-04 17:50:49

Accused of falsifying documents, two officials in Kosovo are arrested
2023-12-04 17:22:29
Kathimerini: The Albanian court delays the decision on Beler's oath request
2023-12-04 17:21:20

Sula: EU funds for agriculture have gone to construction of resorts
2023-12-04 16:35:55
Heavy in Kosovo! Man attacks pregnant woman
2023-12-04 16:32:42
In international search, 2 Albanians are extradited from Germany and Spain
2023-12-04 16:10:21
Killed by order of her husband, the body of Liridona Ademaj is reburied
2023-12-04 15:51:14
10 people are arrested in Tirana
2023-12-04 15:31:53
A hotel in Bilisht is on fire
2023-12-04 15:15:57


"O filth", Erjola Doçi "explodes" at Erik Lloshi
2023-12-04 14:23:04

Tensions in the Tirana-Partizani match, the police arrest 4 fans
2023-12-04 13:47:54
Gjic's sexual scandal, GJKKO passes the case for trial
2023-12-04 13:46:01
War in Ukraine, two dead from Russian shelling in Kherson
2023-12-04 13:28:26
Lek money supply with the weakest growth since the beginning of 2019
2023-12-04 13:15:39
In search of drug trafficking, the 36-year-old man was arrested in Saranda
2023-12-04 13:05:03


Wanted by Interpol Tirana for murder, the Albanian is arrested in Greece
2023-12-04 12:24:15

Name/ The new chairman of the Judicial Appointments Council is elected
2023-12-04 12:09:51
Armando Broja nis bashkëjetesën me të dashurën e re
2023-12-04 12:02:29


The prisoner dies in Lezha (NAME)
2023-12-04 11:20:42
Bardhi: We will not retreat, let the majority return to reason
2023-12-04 10:54:30

Berisha: Today's civil disobedience was the next success of the opposition MPs
2023-12-04 10:29:34
Opposition protests in the Assembly, Nikolla closes the plenary session
2023-12-04 10:23:12
Nikola excludes Flamur Noka
2023-12-04 10:13:18
Opposition MPs light cigarettes in the Assembly hall
2023-12-04 10:11:01


Opposition MPs clash with the Guard, Bardhi: Don't touch him!
2023-12-04 09:33:20



Population census in Montenegro begins
2023-12-04 08:35:49
Liridona's brother: We know the killers, one of them ate bread in our family
2023-12-04 08:17:52

Currency exchange December 4/ How much foreign currencies are bought and sold
2023-12-04 07:53:19
Parashikimi i motit për gjithë javën
2023-12-04 07:32:31
HOROSCOPE/ Here's what the stars predicted for each sign
2023-12-04 07:21:25
Posta e mëngjesit/ Me 2 rreshta: Çfarë pati rëndësi dje në Shqipëri
2023-12-04 07:03:28
Serbian elections on December 17, Kurti meets with representatives of the Valley
2023-12-03 21:51:15
Draw in the derby, Partizan keeps the distance from Tirana
2023-12-03 21:38:33


Candles are lit at Liridona's workplace, the Swedish MP shares photos
2023-12-03 21:06:21

Images from the accident in Shkodër (VIDEO)
2023-12-03 20:22:48
The preservation of stone crafts in Gjirokastër is encouraged
2023-12-03 19:56:58
US lawmakers warn of growing disinformation campaigns from China
2023-12-03 19:36:37
Stress and anxiety strengthen tumors and weaken healing
2023-12-03 19:13:16
Ndërpritet energjia elektrike nesër në Tiranë, zonat dhe oraret
2023-12-03 18:38:28
Naim Murseli denies his involvement in the murder of Liridona Ademaj
2023-12-03 18:21:02

Tirana-Partizani derby, here are the road segments that will be blocked!
2023-12-03 17:29:30
Injuries in Tirana, brother-in-law shoots brother-in-law after a fight
2023-12-03 17:19:30

The car collides with the pole, three girls are injured in Shkodër
2023-12-03 16:52:06
What is the weather forecast for next week?
2023-12-03 16:44:05
European draw, Lutfi Dervishi mocks Rama: Be careful with Italy, we owe them!
2023-12-03 16:18:51


Debatojnë ashpër dy banorët e BBVK, Santiana-Bucit: Dole besëprerë
2023-12-03 15:00:25
A powerful 7.5 magnitude earthquake hits the Philippines
2023-12-03 14:47:18
Dua Lipa ends the relationship with the famous director
2023-12-03 14:35:06
Israel extends evacuation orders to Gaza
2023-12-03 14:15:59
The Albanian is found dead in the Greek prison
2023-12-03 13:59:42

Historical/ The first Orthodox mass in Albanian is held in Podujevë
2023-12-03 13:23:15
What is known about the murder of Liridona
2023-12-03 13:14:29
Liridona's murder, protest in Tirana as well
2023-12-03 12:56:50

Serious accident in Italy, 31-year-old Albanian woman lost her life
2023-12-03 12:15:22