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Albania is expected to have the biggest economic growth in the Balkans, IMF says

By   /   05/01/2017  /   Comments Off on Albania is expected to have the biggest economic growth in the Balkans, IMF says

The International Monetary Fund says that the Albanian economy is growing fast and in a progressive way.

According to IMF, in 2017, economic growth in Albania will not be lower than 2.7%, making it the country with the highest economic growth in the Balkans.

The Albanian economy, which IMF considers as a developing economy, ranks 75th among 190 world economies in terms of economic growth.

IMF predicts that GDP in Albania will increase by 3.7% this year, while the Albanian government says that this growth will be 4% in 2017 and 6% in 2019.

The IMF has also published data on the countries with the highest and the lowest growth in the world. According to IMF, the two economies that are expected to have the fastest growing economies in the world this year are those countries that have come out of armed conflicts. Libya with 13.7% and Yemen with 12.6%. These two countries will head the world list of economic growth.

Both countries have seen great economic losses in the recent years as a result of wars and in 2017, they are hoping to recover a part of these losses.

Meanwhile, the countries which will see a difficult year this year are Southern Sudan where its economy will shrink by 6% and Equatorial Guinea with -5.8%. /balkaneu.com/

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