TIRANA, August 17 /ATA/ The Bank of Albania estimated that the total investments in the economy increased by 10.5% at the end of last year.
According to the BoA, investments doubled the growth rate in the fourth quarter of 2020, where the main contribution to the growth of total investments was given by private investments in addition to public investments.
The positive performance is observed in investments in construction as well as in machinery and equipment. The added value in construction increased by 16.9% in the first quarter and imports of machinery and equipment increased by 36.1%. The positive investment trend is expected to continue in the second quarter.
The Bank of Albania announced that data from confidence surveys show that businesses have increased the rate of utilization of production capacities above the level of prepayment. Data on imports of machinery and equipment, as well as materials used in the construction sector, suggest an increase in investment in these two categories in the coming quarter.
While fiscal policy is designed to be accommodating for the current year, in support of the health system, as well as in order to rebuild infrastructure and increase public investment.
“Fiscal policy is expected to support the economy to a greater extent than expected at the beginning of the year. While the easing features of fiscal policy for 2021 were more pronounced in the second quarter, with the faster activation of expenditures for the health system and those for public infrastructure and the reconstruction fund “, announced the BoA. /j.p/p.s./
