Albanian households consuming less when adjusted for inflation, INSTAT survey shows

TIRANA, Oct. 1 – Albanian households practically consumed less in 2017 as spending stagnated and inflation hit a 5-year high, unveiling that the almost decade-high GDP growth that the Albanian economy registered last year did not have any major impact on the overwhelming majority of Albanians. The Albanian economy hit a 9-year high of 3.8 percent in 2017, but much of the growth was attributed to TAP and the Devoll Hydropower, the two major energy-related investments that are due to complete by early 2019, as well as a recovery in the long-ailing construction sector, triggering concern by experts over non-inclusive…