Albania: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Albania

International Monetary Fund

No 2017/373, IMF Staff Country Reports from International Monetary Fund

Abstract: 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. 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, as the current account deficit is predominantly funded by concessional borrowing and large FDI inflows, while official foreign reserves are ample. The medium-term outlook remains favorable. GDP growth is projected to accelerate to about 4 percent, driven by continued strong domestic demand, reforms that improve the business climate, and a strengthening EU recovery.

Keywords: ISCR; CR; IMF staff estimate; IMF baseline; deficit; energy spending; energy sector subsidy; energy sector support; energy sector spending; FDI inflow; Public investment and public-private partnerships (PPP); Arrears; Global; Europe (search for similar items in EconPapers)
Pages: 90
Date: 2017-12-13
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=45468 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2017/373

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().