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Albania: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Albania
Author:
International Monetary Fund. European Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2021: Issue 259
Language:
English
Publication Date:
07 Dec 2021
DOI:
https://doi.org/10.5089/9781616356859.002
ISBN:
9781616356859
ISSN:
1934-7685
Pages:
86
Keywords:
economy firm; inflation expectation; fiscal policy support; Albanian economy; financing assessment; fund surveillance; IMF's transparency policy; Minimum wages; Global; Europe
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Albania’s economy has shown considerable resilience in the face of the 2019 earthquake and the pandemic. After the hardship endured in 2020, real GDP is rebounding strongly by a projected 7.8 percent in 2021. Policies have played a critical role in preserving lives and livelihoods and thereby paving the way for the recovery. The key challenges now are to invest efficiently in people and the economy to support the continued development of the country and to rebuild room for fiscal policy maneuver by lowering the very high fiscal deficit and public debt.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund