Albanias central bank sees second-quarter GDP growth at 3.4%.

By bne IntelliNews August 29, 2011
Albanias central bank said the countrys economy may have grown by 3.4% in the second quarter of 2011, keeping the pace of expansion from the previous three months, reported. Despite the annual rise, the economy still grows below its potential and domestic demand remains weak, the central bank said. Consumer prices in the country are expected to slow their growth due to weakened imported inflation and subdued local demand. In its latest credit analysis on Albania, Moodys said that sustainable economic development in Albania depends on the implementations of structural reforms. The European Bank for Reconstruction and Development (EBRD) sees Albanias 2011 GDP growth at 2.5%, ranking the country the second fastest growing economy in Southeast Europe after Serbia.
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