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S&P rates upcoming elections, IMF departure as risks to Albanian economy

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4 mins read
9 years ago
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TIRANA, Feb. 7 – Standard and Poor’s has once again affirmed Albania’s stable outlook, but slightly revised downward the country’s GDP growth forecast for the next four years due to risks stemming from the upcoming June general elections and the conclusion of a three-year deal with the IMF. In its latest country report, S&P, one of world’s big three credit rating agencies, expects the Albanian economy to only slightly recover between 3.5 percent in 2017 to 3.9 percent in 2020. The forecasts are 0.3 percent to 0.4 percent lower compared to the Albanian government’s more optimistic expectations of growth ranging…

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Story Highlights

  • In its latest country report, S&P, one of world's big three credit rating agencies, expects the Albanian economy to only slightly recover between 3.5 percent in 2017 to 3.9 percent in 2020. The forecasts are 0.3 percent to 0.4 percent lower compared to the Albanian government's more optimistic expectations of growth ranging from 3.8 percent in 2017 to 4.3 percent in 2020.

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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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