IMF cuts Albania’s 2024 economic growth f’cast to 3.1%

In 2025, Albania's gross domestic product (GDP) will increase by 3.4%, the IMF said in the April 2024 edition of its World Economic Outlook report published on Tuesday.

Average consumer price inflation in Albania is forecast to abate to 3.5% in 2024 and 3% in 2025, from 4.8% last year, the IMF said. The country is projected to close 2024 with a current account deficit of 3.8% of GDP, a tad higher compared to 3.7% in 2023.

The IMF also said it expects the economy of the Emerging and Developing Europe area will expand by 3.1% in 2024, increasing its October forecast by 0.9 pp. The economic output of the region grew by an estimated 3.2% last year.