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Albania sets optimistic growth targets, offers incentives ahead of 2019 local elections

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9 mins read
8 years ago
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TIRANA, Oct. 29 – The Albanian government expects higher GDP growth and lower public debt for next year in an ongoing fiscal consolidation budget that will also see a series of tax and welfare incentives ahead of the upcoming mid-2019 local elections. The ruling Socialist Party majority expects the country’s economic growth to recover to 4.3 percent and public debt to drop to 65 percent of the GDP for 2018, in forecasts that are significantly much more optimistic compared to what international financial institutions such as the World Bank and the IMF predict for the Albanian economy in 2019 when…

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Story Highlights

  • The ruling Socialist Party majority expects the country's economic growth to recover to 4.3 percent and public debt to drop to 65 percent of the GDP for 2018, in forecasts that are significantly much more optimistic compared to what international financial institutions such as the World Bank and the IMF predict for the Albanian economy in 2019 when contribution by two major energy-related projects that drove FDI growth over the past four years considerably wanes

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