Macro - Country Economic Forecasts - Albania
We have raised our raised 2024 Albania GDP forecast by 0.7ppts to 3.6% and our 2025 forecast by 0.3ppts to 3.5%. This is driven by a strong construction sector – evidenced by rising confidence and strong annual output growth – and a booming tourism sector, with record-high arrivals nearly 20% above last year's cumulative figures through August. July's rate cut will provide an extra boost as its impacts start to set in next year.
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