{
  "title": "Albania: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Albania",
  "publication": "IMF Staff Country Reports, December 13, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/12/13/albania-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45468",
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  "summary": "This 2017 Article IV Consultation highlights that 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.",
  "sections": [
    {
      "heading": "Economic developments",
      "content": "- 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.\n- The declining output gap and pass-through of higher external inflation have pushed up inflation to just under 2 percent."
    },
    {
      "heading": "External sector and vulnerabilities",
      "content": "- Short-term external vulnerabilities are limited:\n  - The current account deficit is predominantly funded by concessional borrowing and large FDI inflows.\n  - Official foreign reserves are ample."
    },
    {
      "heading": "Medium-term outlook and growth projections",
      "content": "- The medium-term outlook remains favorable.\n- GDP growth is projected to accelerate to about 4 percent, driven by:\n  - Continued strong domestic demand.\n  - Reforms that improve the business climate.\n  - A strengthening EU recovery."
    },
    {
      "heading": "Key publication facts and indicators (as reported)",
      "content": "- Pages: 90\n- Volume: 2017\n- Issue: 373\n- Series: Country Report No. 2017/373\n- DOI: https://doi.org/10.5089/9781484332573.002\n- ISBN: 9781484332573\n- ISSN: 1934-7685\n\nAlbania: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Albania\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: December 13, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484332573.002",
    "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.",
    "Short-term external vulnerabilities are limited:",
    "The medium-term outlook remains favorable.",
    "GDP growth is projected to accelerate to about 4 percent, driven by:",
    "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",
    "**Country Report**"
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