Off the wire
• Love birds inspire Chinese creativity  • 4 killed, 2 injured in S. Philippine explosion  • Madrid, Salamanca: places to live in Spain for long life  • Four Spanish sides in Europa League action  • China issues guideline on government openness  • Ethiopia to host ministerial meeting on sanitation, water  • China commerce ministry denies massive capital outflow  • Chinese banks play major presence in Dubai int'l financial center: official  • Aung San Suu Kyi, military chief meet for power transition  • Indonesia expects tax revenue to rise by 13 pct this year  
You are here: 　 Home

Economic activity of Albania moves along positive trajectory

Xinhua, February 17, 2016 Adjust font size:

Albanian Statistics Institute(INSTAT) has published the data for the third and fourth quarters of 2015, showing that economic activity in Albania is moving along a positive trajectory.

Bank of Albania analyses and forecasts on Wednesday suggest that the Albanian economy will continue to see positive growth rates in the next three years. Economic activity is expected to return to equilibrium in the first quarter of 2017 and inflation is expected to return to target in the second quarter of 2018.

These forecasts have not changed Central Bank previous assessments.

During the second half of 2015, the economy performed on the up side of expectations. As a result, the expected economic growth rate for the year was revised slightly up. Based on the current trends, the Bank of Albania expects economic growth to accelerate somewhat in 2016. In the meantime, inflation is expected to average around 2 percent in this period.

According to INSTAT data, the Albanian economy posted 2.98 percent growth in the third quarter, driven mainly by the increase in investments and recovery of the activity in the services sector. Endit