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Vienna Institute warns of elections, judiciary risks as it upgrades growth forecast

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TIRANA, March 15 – The Vienna Institute for International Economic Studies has slightly revised upward Albania’s growth prospects for the next three years, but warns political tension ahead of next June’s general elections and failure to make progress with the judicial reform could have a negative impact. In its new Spring forecast, the Vienna Institute, one of the top centers for research in Central, East and Southeast Europe, expects the Albanian economy to grow at above 3.6 percent in the medium-term driven by foreign investment and a recovery in oil and mineral exports as commodity prices pick up, but also…

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  • The Vienna Institute for International Economic Studies has slightly revised upward Albania's growth prospects for the next three years, but warns political tension ahead of next June's general elections and failure to make progress with the judicial reform could have a negative impact. In its new Spring forecast, the Vienna Institute, one of the top centers for research in Central, East and Southeast Europe, expects the Albanian economy to grow at above 3.6 percent in the medium-term driven by foreign investment and a recovery in oil and mineral exports as commodity prices pick up, but also positive signs from the emerging tourism industry.

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