TIRANA, July 4 /ATA/- Bank of Albania Governor stated Wednesday that the Albanian economy has followed the trend of positive growth during the first quarter of the year, increasing by 4.45% compared to the same quarter of the previous year, less than 4% in 2017.
According to INSTAT data, the Albanian economy grew 4.45% in 2018 Q1. Indirect available data point to positive growth rates for the second quarter as well.
From the sectorial perspective, the economic activity expansion was mainly driven by the growth in the industry sector, and in particular by the growth in production and export of electricity.
From the perspective of aggregate demand, growth was driven by the expansion in private consumption, aggregate investments and the export of goods and services. The growth in imports hindered economic growth.
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