Vienna Institute downgrades Albania’s 2018 outlook on ‘unprecedented’ currency appreciation

TIRANA, July 16 – The Vienna Institute for International Economic Studies has slightly revised downward Albania’s 2018 economic outlook, citing an ‘unprecedented appreciation’ of Albania’s national currency against Europe’s single currency. In its latest summer report on economic prospects for Central, East and Southeast Europe, the Vienna Institute for International Economic Studies, wiiw, has downgraded Albania’s 2018 GDP forecast to 3.8 percent, down from a previous 4.1 percent last March and slightly revised upward by 0.1 percentage points its 2019 and 2020 expectations to 4.1 percent and 4 percent respectively. The 3.8 percent growth scenario would be a slowdown for…