Bank of Albania and IMF, economic risks from “Brexit”

28/06/2016 00:00

The Albanian Government, Bank of Albania and the IMF share the same
opinion that the economic has seen recovery after increased internal
demand and direct foreign investments.

“We expect the economic growth to keep improving. We foresee the economic growth to reach 3.4% for this year, and that will receive support from foreign investments and from increased internal demand”, said Anita Tuladhar, Chief of the IMF mission in Albania.

But the risks for the economy remain high, especially those coming from external environments.

“The world of dangers has been affected negatively and the recent events in Britain complicate the situation even further”, Sejko declared.

“We don’t see direct impact from the British crisis to our trade or foreign investments. However, there is a risk that comes from what will happen in the Eurozone. It is still early and there are many insecurities. But we believe that this indirect impact will be the main source of risk for Albania”, Tuladhar says.

The IMF asked the government to accelerate reforms for the business climate and preserve what they call a positive progress of budget revenues.

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