Transcription of ALBANIA - worldbank.org
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ALBANIA - worldbank.org
ALBANIA World Bank Group Partnership Program Snapshot April 2015 1 RECENT ECONOMIC AND SECTORAL DEVELOPMENTS ALBANIA s growth indicates signs of recovery since the global economic crisis. The country s growth suffered from the Eurozone crisis, in particular in neighboring Italy and Greece. Exports, remittances, and to some extent foreign direct investment (FDI) fell and were the main channels of the external shocks on the economy. Growth reached its lowest rate of percent in 2013, as consumption shrank, investments stagnated, and fiscal and financial vulnerabilities came to the fore. Thanks to an increase in domestic demand supported by sound fiscal policies and structural reforms, growth is estimated to have picked up to percent in 2014, due also to an increase in consumption and private investments.
assistance in Albania (1.6 percent of GDP) is devoted to NE (0.4 percent of GDP). The poorest 20 percent of the beneficiaries receive 56 percent of all NE transfers, while in the best performing social assistance programs in the ECA region, at least 80 percent of benefits reach the poorest 20 percent of ...
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