The perception of the Albanian public for the economic situation has deteriorated for the third trimester, which is the most negative result since 2015.
The Bank of Albania said that the index which measures the evaluation of businesses and consumers about the situation of the economy has dropped with 1.2% in the fourth trimester of 2018, going below its long-term average.
According to the poll, the increased pessimism in the economy was due to the economic slowdown of trade and industry, with construction being the only sector receiving growth.
According to the Bank, businesses that are operating in sectors of services, trade and industry, have reported lower production and a deterioration of the financial situation, while the construction businesses have marked a growth and better financial situation.
The other component of the economic perception, the one that measures the consumers’ trust, after several negative trimesters, as has finally marked a light improvement, with 0.7%. However, this has not been enough to cushion the growth of pessimism in other key sectors of the economy.
The deterioration of the economic perception for three trimesters is a concerning signal for the economy. Although the trust indicator remains in the long-term average, its quick drop has been followed by a significant economic slowdown, especially during the 2011-2015 period, when the economic growth went down to minimal levels.
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