TIRANA, Aug 15 /ATA/- Bank of Albania estimates that the positive labor market performance in Q1 was positive, characterized by higher employment rates and lower unemployment.
According to Bank of Albania, the expansion of labor market coupled with increase in productive capacity utilization has created premises for rising production costs and inflation, as direct indicators of the country’s economic growth.
Besides these indicators, the stimulating monetary policy has created a financial environment characterized by low interest rates and low risk premiums, stimulating the growth of lending, consumption and investment, which have supported employment.
According to BoA, in the first quarter of 2019, the employment growth rate for the population aged 15-64 is at 60.3%, 1.4% higher than in the corresponding period a year earlier.
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