Economic Growth in Albania, 1.2% in 2012

The European Bank for Reconstruction and Development forecasts Albania’s economic growth in 2012 at 1.2%. EBRD stated in its latest report that Albania experienced a slowdown in economic activity in the second half of 2011 largely due to the weak performance of its key EU markets, Greece and Italy.

Albania’s strong trade, investment and remittance ties to these countries are likely to continue to hold back growth in the coming year, while public debt is close to the legal maximum, limiting the room for fiscal manoeuvre.

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