Albania: The need for a fiscal and monetary stimuli strategy
The four main symptoms of the economic crisis that has gripped the country since 2011 are: extremely difficult to access credit, falling aggregate demand, high unemployment and low FDI levels. Following the external shocks from the Great Recession and sovereign debt crises in Greece and Italy (Albania’s largest trading partners and financiers), the economic growth in Albania has been insignificant – straddling the 2 per cent of the GDP mark—relative to the economy’s size.
January 22, 2016 - Epidamn Zeqo