Albania:2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Albania

Author: International Monetary Fund. European Dept.

Albania: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Albania

Volume/Issue: Volume 2022 Issue 362

Publication date: December 2022

ISBN: 9798400225604

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Topics covered in this book

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International - Economics , Business and Economics - Statistics , Public Finance , Money and Monetary Policy , Economics- Macroeconomics , Inflation , Exports and Imports , inflation expectation , monetary policy decision , monetary policy transmission mechanism , policy buffer , policy advice , Inflation , Global , Europe

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Summary

Past efforts to build policy buffers and a broadly appropriate macroeconomic policy mix during 2020–21 have helped Albania withstand the impact of consecutive shocks since 2019. Growth is expected to remain solid in 2022 before decelerating in 2023, and inflation is projected to return to the central bank’s target only in 2024. There is considerable uncertainty. Risks to growth are tilted to the downside and risks to inflation are to the upside.