TIRANA, Jan.24 /ATA/- According to the European Commission report on economic developments in candidate and pre-candidate countries in the fourth quarter of 2020, it is projected 3.7% economic growth for Albania during 2021, and 4.6% during 2022,
The report ranks Albania among the countries affected by the pandemic with a huge impact on tourism, while emphasizing the good performance of the agricultural sector.
“In the third quarter of 2020, positive growth was recorded in the agriculture manufacturing, construction sectors, real estate and public services, while the mining industry remains contracted,” the EC report said.
According to the report, unemployment is expected to decrease by 12.8% in 2021, down from 14.1% in 2020, while wages will increase by 3.8%, recording the highest level in the last 5 years.
Public debt increased to 79.9% of Gross Domestic Product (GDP) at the end of 2020, while government social assistance was 16% higher than planned due to the pandemic situation, the European Commission reports. //a.i/
