Moody’s optimism: Albanian economy to grow by 3.9% in 2018, 4% in 2019

The credit assessment giant Moody’s has kept unchanged the projections for Albania’s economic growth for this year and the next one, to 3.9% and 4% respectively, thus reaffirming its position as the most optimistic international institution in terms of performance of the Albanian economy over the next two years.

Moody’s report on the Albanian economy statistics and projections for the next two years, that Scan has seen, shows that in the next two years there will be a significant increase of gross domestic product per capita at 5300 and 5600 dollars respectively, from 4500 that was during 2017.

Price performance projections have been revised slightly downward, and now inflation rate is placed at 2.8% this year and 2.9% next year.

According to Moody’s, the level of investment in relation to Gross Domestic Product will drop significantly during the next two years, and in 2019 this level will be below 20%.

Foreign direct investment is projected to fall sharply over the next two years, up to just 7.2% of GDP in 2019.

This is the undisputed effect of the end of TAP and Devoll investments which are two major projects that have stimulated investment in overall, and consequently economic growth of the country.

SCAN

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