{
  "title": "Albania: Second Post-Program Monitoring Discussions-Press Release; and Staff Report",
  "publication": "IMF Staff Country Reports, July 3, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2019/07/03/albania-second-post-program-monitoring-discussions-press-release-and-staff-report-47082",
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  "summary": "Growth was strong in 2018, backed by high electricity production. Inflation remains subdued, notwithstanding very accommodative monetary conditions. The fiscal stance in 2018 was somewhat tighter than expected, supporting a further decline in public debt.",
  "sections": [
    {
      "heading": "Growth and inflation",
      "content": "- Growth was strong in 2018, backed by high electricity production.\n- Inflation remains subdued, notwithstanding very accommodative monetary conditions."
    },
    {
      "heading": "Fiscal sector and public debt",
      "content": "- The fiscal stance in 2018 was somewhat tighter than expected, supporting a further decline in public debt.\n- The main vulnerabilities remain in the fiscal sector, as public debt is still high, and contingent liabilities are increasing."
    },
    {
      "heading": "External sector and financing",
      "content": "- The medium-term outlook includes a further narrowing of the current account deficit.\n- Albania’s relatively large financing needs pose risks that could materialize, in particular, in case of tightening external financing conditions."
    },
    {
      "heading": "Outlook and projections",
      "content": "- The medium-term economic outlook is broadly favorable, with growth projected to converge to 4 percent."
    },
    {
      "heading": "Risks and vulnerabilities",
      "content": "- Growth is vulnerable to a continued or sharper economic slowdown in the main trading partners.\n- Significant risks remain stemming from high public debt, increasing contingent liabilities, and large financing needs that are sensitive to external financing conditions.\n\n---\n\n Content in this bundle\n\n- Albania\n  - Albania (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Albania (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: July 3, 2019",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498324069.002",
    "Growth was strong in 2018, backed by high electricity production.",
    "Inflation remains subdued, notwithstanding very accommodative monetary conditions.",
    "The fiscal stance in 2018 was somewhat tighter than expected, supporting a further decline in public debt.",
    "The main vulnerabilities remain in the fiscal sector, as public debt is still high, and contingent liabilities are increasing.",
    "The medium-term outlook includes a further narrowing of the current account deficit.",
    "Albania’s relatively large financing needs pose risks that could materialize, in particular, in case of tightening external financing conditions.",
    "The medium-term economic outlook is broadly favorable, with growth projected to converge to 4 percent.",
    "Growth is vulnerable to a continued or sharper economic slowdown in the main trading partners.",
    "Significant risks remain stemming from high public debt, increasing contingent liabilities, and large financing needs that are sensitive to external financing conditions.",
    "**Albania**"
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