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Economic Outlook

Western Balkan economies are seeing a rise in jobs, as regional growth is picking up and expected to reach 2.6 percent in 2017.

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Regional Director Linda Van Gelder spoke at the Bank of Albania Annual Conference about financial inclusion.

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The project supported by the World Bank and the Swedish Government is providing information on the state of the country's forests.

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Countries in the Western Balkans are seeing an increase in jobs, as growth is picking up throughout the region. Regional growth is expected to reach 2.6 percent in 2017, resulting in the creation of 230,000 jobs through June 2017. Albania is estimated to grow 3.8percent in 2017, before growing 3.6 percent in 2018 and 3.5percent in 2019.

 

 

 

Economic growth, coupled with job creation, also contributed to a decline in the region’s poverty rate. At 23.6 percent, the projected rate for 2017 is a full percentage point lower than a year ago – this implies that about 124,000 people escaped poverty this year. 

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Experts

Maryam Salim

Country Manager, Albania

Drita Dade

Senior Natural Resources Management Specialist

Gazmend Daci

Senior Energy Specialist

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Tirana, Albania
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agjokutaj@worldbank.org