TIRANA, July 26/ATA/ The Albanian economy is showing an upward trend rapidly after the pandemic situation.
According to the official data, Albanian economy rebounded in the last quarter of 2020 and the first quarter of this year. This was accompanied by an expansion of consumption and private investments, an increase in budget expenditures, as well as an expansion of exports of goods and services.
The Minister of Finance and Economy, Anila Denaj announced on Monday that, the government will continue its commitment to ensure the economic incentives for sustainable development.
The European Commission recently published the economic report on the Western Balkan countries, during the first quarter of this year, according to which the Gross Domestic Product (GDP) in Albania increased by about 5.5%.
“The increase in government spending by 5.2% especially, the high level of investments and exports of goods, respectively by 21.1% and 33% supported economic growth, while consumption saw an increase of 1.5%,” the report says. //a.i/
