Recently published research from Business Monitor International, "Albania Country Risk Report Q2 2016", is now available at Fast Market Research
[USPRwire, Fri Mar 04 2016] Albania will remain attached to a relatively low growth trajectory over the coming years, amid subdued exports and government fiscal consolidation efforts.
More efforts need to be made to implement structural reforms aimed at tackling corruption and improving labour market flexibility, if Albania is to have any hope of converging with historically more developed regional peers.
Albania's large and entrenched trade balance shortfall will ensure that the country's current account remains firmly in deficit over the coming years.
Uncertainty in neighbouring Greece after the country's debt crisis will increase the scope for regional instability. It will also weigh on demand for Albanian exports to Greece and remittances inflows from Albanian workers based in Greece.
The migrant crisis facing Europe could weigh on Albania in the coming months, as migrants (mainly from Syria) are likely to pass through the country on their way to Western Europe. The 'Albanian' route could become the main alternative after countries such as Hungary, Croatia and Slovenia have built border fences to stop the entry of migrants.
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