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BoA: Albania’s economic growth above 5% in 2021

TIRANA, May 5/ATA/- Albania’s economic growth will be above the level of 5% for 2021, the Governor of the Central Bank, Gent Sejko stated at the today’s press conference.

In his remarks, the Governor Sejko said that, “the Bank of Albania (BoA) predicts a more optimistic year than in its previous analyzes for 2021”.

“The previous analysis predicted a GDP growth of 4.9%, while this year economic growth is expected to be over 5%,” Sejko said.

According to Sejko, a more profitable tourism during the tourist season, increase in investments, exports, consumption, but also the increasing level of lending financing by the banking sector, which has shown a sustainable finance target in relation to the shocks of the crisis, are the main factors that support economic growth. //a.i/

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