Albania’s economy is expected to grow by a real 3.0 percent in 2019, down from a 3.7 percent growth rate projected in April, according to the International Monetary Fund.
Yesterday, the IMF published its World Economic Outlook for 2019, where it appears that the projected growth rate for Albania has diminished considerably. Meanwhile, it expects a 4 percent growth for both 2020 and 2024.
While it its previous report in April this year it had predicted a 4.2 percent growth in Albania’s GDP for 2018, the IMF estimates showed the growth had been lower – 4.1 percent.
Albania’s account deficit is expected to decrease in the coming years – from 6.8 percent of the GDP in 2018 down to 6.6 percent in 2019, 6.4 percent in 2020, and 6.2 percent in 2024.
The IMF projections estimate an accelerated inflation in Albania’s annual average consumer price – from 1.8 percent in 2018 and 2019 up to 2.2 percent in 2020.