Annual Report 2008 - Chapter I. Develop ments in foreing markets and economies
Production date: 21.05.2009
Printed on: 21.05.2009
Author: BANK OF ALBANIA
Material category
Periodic Publications, Annual Reports
Short Description
World growth decelerated in 2008, recording 3.4 percent, well below the 5
percent average growth registered in four previous years. This downturn was
affected by the aftermath of the financial crisis that originated in the USA in
2007 and escalated sharply in mid 2008, spreading to developed European
economies and later on to the Central and Eastern European countries.
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