Albania: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Albania

International Monetary Fund

No 2021/259, IMF Staff Country Reports from International Monetary Fund

Abstract: Albania’s economy has shown considerable resilience in the face of the 2019 earthquake and the pandemic. After the hardship endured in 2020, real GDP is rebounding strongly by a projected 7.8 percent in 2021. Policies have played a critical role in preserving lives and livelihoods and thereby paving the way for the recovery. The key challenges now are to invest efficiently in people and the economy to support the continued development of the country and to rebuild room for fiscal policy maneuver by lowering the very high fiscal deficit and public debt.

Keywords: economy firm; inflation expectation; fiscal policy support; Albanian economy; financing assessment; fund surveillance; IMF's transparency policy; Minimum wages; Global; Europe (search for similar items in EconPapers)
Pages: 86
Date: 2021-12-07
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