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EU affirms Albania's forecast at 3.5 pct for 2017

Xinhua, February 14, 2017 Adjust font size:

The European Commission has affirmed its previous forecast for Albania's 2017 economic growth, saying Monday that Albania's GDP (gross domestic product) will grow by 3.5 percent.

According to the European Commission winter 2017 economic forecast released Monday, Albania's economic growth is expected to be driven mainly by household spending and private investment.

In terms of investments, the report showed the upward trend in investments will be mainly related to ongoing energy projects, such as the Trans Adriatic Pipeline.

The Commission slightly revised upwards its projections for Albania's economic growth in 2018, taking it to 3.6 percent from 3.5 percent of its November forecast. Endit