Concerns mount over potential spillover effects from gloomy Italian GDP outlook

Tirana Times
By Tirana Times February 12, 2019 17:19

Concerns mount over potential spillover effects from gloomy Italian GDP outlook

Story Highlights

  • Due to the low value-added products exported to Italy, mainly garment and footwear, Albanian exporters are more worried over Europe's single currency having lost around 7 percent against the Albanian lek and continuing trading at a 10-year low in a situation that has significantly cut their profits, rather than the economic situation in Italy, which is not always the final destination of Albanian exports going there

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TIRANA, Feb. 12 – Concerns over spillover effects that a potential Italian recession could have on the small Albanian economy have been mounting after a sharp cut in 2019 growth

Tirana Times
By Tirana Times February 12, 2019 17:19