Albania's economy to maintain upward trend
(MENAFN) Albania's central bank predicted that flood-related damages in southern Albania would have a temporary effect on Albania's economy and it would remain in an upward trend, Xinhua reported.
According to the Albanian Institute of Statistics (INSTAT), the inflation rate stood at 2.3 percent in February, hitting the highest in the past 12 months, but still well within the central bank's projections.
The Bank of Albania said economic growth in 2015 was expected to be higher than the previous year. According to experts, growth of demand will continue to require stimulating policies.
"The expansion of economic activity will continue to be driven, to a large extent, by private sector growth. Meanwhile, foreign demand is expected to play a small positive role," Bank of Albania said.
According to the Albanian Institute of Statistics (INSTAT), the inflation rate stood at 2.3 percent in February, hitting the highest in the past 12 months, but still well within the central bank's projections.
The Bank of Albania said economic growth in 2015 was expected to be higher than the previous year. According to experts, growth of demand will continue to require stimulating policies.
"The expansion of economic activity will continue to be driven, to a large extent, by private sector growth. Meanwhile, foreign demand is expected to play a small positive role," Bank of Albania said.
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