Annual Report 2019

Annual Report 2019
Author: Bank of Albania
Printed on: 02.07.2020
Production date: 02.07.2020
Material category : Periodic Publications / Annual Reports
The Albanian economy continued to grow during the first nine months of 2019, mainly underpinned by private consumption and services exports. Economic growth concluded at 2.9%, down from 4.1% in the previous year. This slowdown reflected a lower production of electricity and decline in construction activity. The earthquake, which hit the country at the end of the year, has increased the uncertainties of economic growth in the short-term, while indicators of macroeconomic stability and the medium-term economic outlook remain positive.