Economic growth 4%: BMI

BMI Research, which is part of the international credit rating group, FITCH, has published today its risk report on Albania, where it has made positive projections for the country’s economy. BMI says confirms that the Albanian economy will continue to benefit from a better external environment and “we have upgraded our growth projections for 2017”.

Meanwhile, according to this report, external factors will have a lower effect in 2018, monetary policies will continue to have a positive effect, while political risk after the June elections will decline and this will sustain investments and private consumption.

“Albania’s long-term economic growth will be sustained by the pipeline investments. Inflationist environment will provide the authorities the necessary freedom to keep the monetary policy elastic, because we expect price increases to remain under the 3% target set by the Bank of Albania for the 18 months to come”, the report in question said.

The report concludes that Albania’s public debt was 72.4% of GDP in 2016, among the highest ones in the region.

In the end, the report states that the Albanian economy will grow by 4% in 2018, while in 2018 it will slow down to 3.6%.