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What to expect from the Albanian economy in the challenging 2017 electoral year

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7 mins read
9 years ago
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By Ervin Lisaku TIRANA, Dec. 22 – Albania is heading to 2017 with mixed expectations about a further economic recovery with almost all attention on politics as the country prepares to elect a new president and hold general elections by next June. A decline in exports due to oil and mineral prices at record lows, public debt at 70 percent of the GDP, credit struggling to return to positive growth rates as non-performing loans stand at 20 percent are some of the key challenges the Albanian economy will face in 2017 when the mid-year general elections could pose new fiscal…

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Story Highlights

  • A decline in exports due to oil and mineral prices at record lows, public debt at 70 percent of the GDP, credit struggling to return to positive growth rates as non-performing loans stand at 20 percent are some of the key challenges the Albanian economy will face in 2017 when the mid-year general elections could pose new fiscal risks

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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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