Annual Report 2003 - Chapter I. International Environment
Production date: 13.04.2004
Printed on: 23.08.2004
Author: Bank of Albania
Material category
Periodic Publications, Annual Reports
Short Description
In 2003 world economy experienced a moderate growth. The increased uncertainty following
Iraq war, negative effect of artificial increase of equity prices in the United States and the
effect of SARS epidemic in countries of East Asia led to a weakening of international trade
and production during April – June. Meanwhile, since the third quarter of the year, the
economy started showing signs of improvement, especially in countries such as the United
States, Japan and some countries of Asia.
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