Monetary Policy Report for the first quarter of 2010

Economic developments during the first quarter of 2010 were in line with those of the previous quarter. Although available data are scarce, our analyses conclude that the country’s economic activity has been relatively slow. It was influenced by low level of private investments, uniform paces in consumer spending and mitigated fiscal stimulus effect. Albanian exports recorded a rapid growth during the first quarter of the year, influenced by ongoing improvement of the global economy. However, due to the relatively low share in GDP , their impact on economic growth is small.