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Key economic indicators revised downward

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9 years ago
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TIRANA, Jan. 12 – The Albanian government has slightly revised its GDP, public debt and investment targets for the next three years. In its revised 2017-2019 mid-term budgetary program, the Albanian government slightly kept unchanged its 2016 GDP forecast of 2.6 percent, but revised downward the GDP expectations for 2017 to 2019 by 0.1 percentage points. Growth for 2017 is expected to pick up to 3.8 percent before accelerating to 4.1 percent in 2018 and 2019. The public debt reduction program has also been revised to a slower downward trajectory. Public debt, currently hovering at 71 percent of the GDP…

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  • Public investments are also forecast to slightly drop as the government targets bringing public debt to more affordable levels of 60 percent of the GDP in the next few years

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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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