Albania: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Albania
IMF Staff Country Reports, December 13, 2017
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- Albania: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Albania
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Bibliographic details
- Published: December 13, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484332573.002
Economic developments
- Albania’s economy continues to strengthen, benefitting from rising domestic demand, large energy-related foreign direct investment (FDI), and a recovery in key European Union (EU) trading partners.
- The declining output gap and pass-through of higher external inflation have pushed up inflation to just under 2 percent.
External sector and vulnerabilities
- Short-term external vulnerabilities are limited:
- The current account deficit is predominantly funded by concessional borrowing and large FDI inflows.
- Official foreign reserves are ample.
Medium-term outlook and growth projections
- The medium-term outlook remains favorable.
- GDP growth is projected to accelerate to about 4 percent, driven by:
- Continued strong domestic demand.
- Reforms that improve the business climate.
- A strengthening EU recovery.
Key publication facts and indicators (as reported)
- Pages: 90
- Volume: 2017
- Issue: 373
- Series: Country Report No. 2017/373
- DOI: https://doi.org/10.5089/9781484332573.002
- ISBN: 9781484332573
- ISSN: 1934-7685
Albania: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Albania
Content in this bundle
- Country Report