Albania will remain attached to a relatively low growth trajectory over the coming years, amid subdued exports and government fiscal consolidation efforts. More efforts need to be made to implement structural reforms aimed at tackling corruption and improving labour market flexibility, if Albania is to have any hope of converging with historically more developed regional peers. ...Albania will remain attached to a relatively low growth trajectory over the coming years, amid subdued exports and government fiscal consolidation efforts. More efforts need to be made to implement structural reforms aimed at tackling corruption and improving labour market flexibility, if Albania is to have any hope of converging with historically more developed regional peers. Albania s large and entrenched trade balance shortfall will ensure that the country s current account remains firmly in deficit over the coming years. Uncertainty in neighbouring Greece after the country s debt crisis will increase the scope for regional instability. It will also weigh on demand for Albanian exports to Greece and remittances inflows from Albanian workers based in Greece.
...Albania will have stable economic growth in the coming years, as the country benefits from a recovery in remittances and low oil prices. How- ever, growth will remain below potential due to continued overdepend- ence on the agricultural sector and a major shadow economy. ...Albania will have stable economic growth in the coming years, as the country benefits from a recovery in remittances and low oil prices. AlthoughtherewasasmalldropinQ---(see chart above), we expect remittance inflows to increase in ---- and ----, as a recovery in European economies accelerates. ...AlthoughtherewasasmalldropinQ---(see chart above), we expect remittance inflows to increase in ---- and ----, as a recovery in European economies accelerates.
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