Analysis by Region - Emerging Markets - Albania
We have raised our 2024 GDP growth forecast for Albania by 1.1ppts to 2.9%. The economy has proven resilient to the inflation shock and tighter monetary policy, with a strong finish to 2023 providing a healthy carryover for growth in 2024. Growth will moderate over this year as we estimate the economy is operating above potential, but quarterly momentum will be supported by a tight labour market and low inflation supporting consumer spending. We anticipate growth picking up to 3.2% next year.
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