Brussels changes Albania’s economic growth prediction to 4.1%

10/11/2018 18:33

The European Commission improved the prediction for Albania’s economic growth in 2018, due to the positive progress during the first half of the year.

The Commission assessed that Albania’s GDP will grow with 4.1 % this year, from 3.6% that it was before.

“The improvement of the Albanian economy continued in the first half of 2018 due to the favorable weather and a positive tourist season”, the report says.

“Employment grew with 5% and this trend, which creates more jobs, is expected to continue by reducing unemployment to 11% within 2020”, according to the European Commission.

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