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EU warns of fiscal risks ahead of next year’s elections

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4 mins read
9 years ago
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TIRANA, Nov. 15 – The European Commission has warned the upcoming mid-2017 general elections and the end of a 3-year IMF supported programme could put at risk the country’s fiscal consolidation path. In its latest Autumn report, the EU’s executive arm kept unchanged Albania’s growth forecast for 2016 at 3.2 percent and expects the country’s growth to accelerate to 3.5 percent in the next couple of years. The projections are considerably lower compared to the Albania government’s much more optimistic targets of 3.4 percent for 2016, 3.9 percent in 2017 and 4.2 percent in 2018. “Economic activity is accelerating mainly…

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Story Highlights

  • "In the run-up to next year’s election there is a risk that the government relaxes its fiscal consolidation plans, which will lose an important anchor following the end of the country’s IMF-supported programme in February 2017," says the European Commission in its latest Autumn economic forecast report

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Prof. Dr. Alaa Garad is President and Founding Partner of the Stirling Centre for Strategic Learning and Innovation, University of Stirling Innovation Park, Scotland. He is actively engaged in health tourism, higher education and organisational learning across the Western Balkans, including the Global Health Tourism Leadership Programme in Albania.

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