Vienna Institute: difficult year for the Balkans in 2010

Vienna, 8 March - When the world now officially considered out of severe economic crisis since World War II, the Albanian economy may not have pass with its difficult.

Vienna Institute for International Economic Studies, a body specializing in economic analysis, predicts that 2010 will be for the Albanian economy more difficult than the previous year.


In a report published just two days earlier, the data compiled on the first two months of the year, the Vienna Institute predicts this year the Albanian economy would have a minimal increase of only 1 percent.

The report says the year 2010 will bring in Albania an increase of unemployment, which according to projections will arrive in about 15 percent, a figure that was articulated earlier unofficially by World Bank experts.

According to the report, in 2010-a, there will be a difficult year not only for the Albanian economy, because the economic situation is expected to be grim in the entire region.

For Bosnia, Montenegro and Croatia it is foreseen that economic growth in 2010 will be negative again in figure -1 percent, while Macedonia is expected this year to be in stagnation, a situation with economic growth 0.

According to international institutions, last year, Albania was the country with highest economic growth in Europe, which is estimated at 3 to 4 percent.

But in the second half of the year and the first two months of 2010, a series of official indicators indicate the economy has entered a strong slowdown, which is reflected in the significant decline in consumption, the state budget incomes have been decreasing, together with the public and private investments.

Source:ekonomia-ks.com/ 8 Mars 2010