The third 'big' of world finance to make an analysis of economic growth. After World Bank and IMF, this time it's up to Deloitte, an international consulting and auditing company, based in Tirana in Albania.
On the basis of the Economist database, Deloitte has published a dossier for Albania in which an 3,4% growth is estimated for the 2019.
On a prospective basis, by extending the forecasts up to the 2023, thus a time span of 4 years, Deloitte states that growth will not go beyond 3,7%. Thus, there will be an average annual growth rate of 3,6%.
Deloitte's 2019 projections put Albania in the position of the second strongest economy in the Balkans. Only Kosovo precedes it, with 4% growth.
For the 2020, however, the projections predict that Albania will be overtaken by Serbia.
World Bank and IMF
Deloitte is much happier in its estimates of growth in Albania. At least if we compare the percentages to those expressed by the World Bank and the International Monetary Fund, which were pronounced, respectively, on an 2,9% and an 3%.
The World Bank had drastically reduced the growth rating, bringing it back to an 2,9% on the budgeted 3,7%. Main motivation, the crisis in the energy sector. In the 2020-21 two-year projections, the World Bank had forecast an average growth of 3,5%, a potential rate for the Albanian economy (link)
The relationship of the IMF, which, starting from the estimated 3,7%, reduced the real growth of the country to 3%. Concause, both the energy crisis and the closure of the gambling sector, data that had also been confirmed by the Albanian Istat (article).
The International Monetary Fund was more optimistic, however, on the forecasts of the four-year 2020-2024, assuming an 4% of growth, well half a point more than the World Bank. Better percentage also than Deloitte's.
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