Albania: Adolescent development
(by Mario Holzner)
in: Recovery: Limp and Battered, wiiw Current Analyses and Forecasts No. 8, July 2011, pp. 101-103
In Albania, the political system is still showing signs of pubescence. The recent municipal elections culminated in a fierce dispute over the outcome of the ballot in the country’s capital, Tirana. Nevertheless, in terms of economic development things seem to be improving. The growth rate for 2011 is expected to be slightly over 4%. A similar growth rate is expected for 2012 and a somewhat higher rate for 2013. The main drivers are further export growth and an improvement in consumer and business confidence.