"The Albanian economy will grow 3.2% this year" - WB: Not "affected" by the uncertainty of global trade policies
Albania's economy is projected to grow by 3.2% in 2025 and 3.1% in 2026, despite the uncertainty of global trade policies and the changes taking place in the global outlook. According to the spring report, published by the World Bank, this projected economic growth is likely to have an impact on reducing poverty in our country, as it will be supported by increased consumption, investment and tourism revenues.
Meanwhile, according to the World Bank's acting country manager for Albania, Richard Record, "to support the sustainability of its economic growth, Albania must continue implementing reforms aimed at increasing productivity, improving the business environment, and building a digital state, while further integrating with neighboring countries and the European Union."
In parallel, the World Bank indicates that economic growth in the Western Balkans is expected to slow to a moderate pace in 2025, due to lower external demand and economic uncertainty created as a result of changes taking place in global trade policies.
"Global trade uncertainty is likely to affect the Western Balkans, mainly as a result of the slowdown in economic activity in the euro area. This slowdown could reduce trade in goods and services, as well as investment and remittances, which could affect business and consumer confidence," the Regular Economic Report for the Western Balkans states.
The report suggests that the most effective strategies for maintaining economic stability during periods of economic uncertainty are to diversify sources of growth and renew the structural reform agenda. Key measures include eliminating barriers in the labor market, including those affecting women, strengthening regional economic integration, improving governance standards, and increasing market competition. In addition, accelerating the implementation of EU accession reforms by Western Balkan countries – such as joining the Single Euro Payments Area (SEPA) and introducing “green lanes” to improve cross-border trade – could further boost business confidence, attract investment, and create jobs.
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