Raiffeisen raises Albanias 2011 GDP growth to 5%.

By bne IntelliNews April 6, 2011
Austrian financial group Raiffeisen Bank raised its forecast for Albanias 2011 real GDP growth to 5%, the group said in its latest CEE Strategy report. In its December forecast Raiffeisen said the countrys 2011 GDP will grow by 3.3%. Albanias economic expansion will be well above the average 1.8% expected for the southeastern Europe. Raiffeisen expects the countrys GDP to further grow by 5.5% y/y in 2012, well over the SEE average of 3.4% y/y. The current account deficit will slightly deteriorate to 11% of the GDP in 2011from 10.3% in the previous year, but will improve by 2pps in 2012. Consumer prices in the country are projected to rise by 3.4% y/y in 2011 and by 3% y/y in 2012, slowing down from 3.6% y/y in 2010. According to Raiffeisen the government will not be able to achieve a notable fiscal consolidation as general budget deficit is forecasted to improve only marginally to 5.6% of GDP in 2011.
Raiffeisen Bank projections for 2011 (%)
GDP Inflation CA balance Budget balance
Albania 5.0 3.4 -11.0 -5.6
Bosnia 2.0 3.0 -7.3 -3.4
Bulgaria 2.5 4.2 1.0 -2.6
Croatia 1.0 3.0 -3.1 -6.3
Romania 1.5 6.2 -4.8 -5.4
Serbia 2.5 8.5 -7.9 -4.0
SEE 1.8 5.4 -4.4 -4.9
Source: Raiffeisen Bank, Central and Eastern European Strategy for Q2

Related Articles

Albania calls tender for supervision of sewerage project.

Albania has called a tender to select a company to supervise the construction and supplies for a sewerage system and waste water treatment plant in Velipoja area, the European Commission informed ... more

Albania's govt approves changes in concession agreement for Devoll project.

The Albanian government has approved changes in the concessionary agreement for the Devoll Hydropower cascade, which formally enables Austrian EVN to exit from the project, the cabinets press ... more

Albanian parliament panel endorses EUR 12.7mn EBRD loan for dam safety project.

The economy and finance committee of Albanias Parliament has approved a EUR 12.7mn loan from the European Bank for Reconstruction and Development (EBRD) to be used to fund a project for upgrading ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss