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What will happen if the EU does not 'open our doors'? Rama comes out with a strong message: Western Balkans offers opportunities for actors who do not have a benevolent attitude, this is how much Albania is endangered

What will happen if the EU does not 'open our doors'? Rama comes out
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Ekonomia

EC report, economic growth is expected to be 3.7%, unemployment will decrease by 9.4%, public debt is expected to decline

EC report, economic growth is expected to be 3.7%, unemployment will decrease by

The European Commission indicates that the Albanian economy will grow by 3.7% during 2021. This is the lowest level projected in relation to the government's plan, but also with forecasts made by other international institutions. However, the Commission estimates that this increase is significant if we include here the fact that the Albanian economy suffered less damage from the pandemic than other countries in the region. Whereas, for the end of 2021 and for the beginning of 2022, the Commission presents more positive data for the economy of our country and other developing countries. "The European Commission estimates that the country's economy will recover this year more slowly than the Albanian government forecasts. Specifically, according to the report, the growth in 2021 will be 3.7%, the lowest in the region and in 2022 we will have a greater improvement than the neighbors of 4.6%. "But it is positive that Albania, accompanied by Serbia, was hit lighter by the pandemic due to the measures taken in time, as well as the support provided to businesses and the health sector," the report said. The Commission predicts that the Albanian economy will continue to grow significantly over the next 2 years, thus leaving behind the crisis brought by the pandemic. According to the EC, foreign investments and exports will make a major contribution to economic development, which will reduce the unemployment rate by 9.4%. Meanwhile, it is noted that the plans presented by the government to keep services under control and increase revenues will promote the reduction of public debt from this year, while in the next two years it will be further away from the maximum limit. "The European Commission projects the Albanian economy to return to an average growth of 5% in 2021-2023, started by the strong recovery in private energy production, exports and investment, which will cause a gradual decline in the unemployment rate to 9.4 % starting in 2021. Clear public spending plans will keep the fiscal deficit above 6% in 2021, constitutes an expected revenue recovery. "The European Commission predicts a gradual reduction of public debt starting from the second half of 2021 to 75%, to continue further until its level stabilizes in 2023", the report highlights. Clear public spending plans will keep the fiscal deficit above 6% in 2021, constituting an expected revenue recovery. "The European Commission predicts a gradual reduction of public debt starting from the second half of 2021 to 75%, to continue further until its level stabilizes in 2023", the report highlights. Clear public spending plans will keep the fiscal deficit above 6% in 2021, constituting an expected revenue recovery. "The European Commission predicts a gradual reduction of public debt starting from the second half of 2021 to 75%, to continue further until its level stabilizes in 2023", the report highlights.

Employment growth has begun

Among other things, the report of the European Commission shows that employment in Albania has started to show signs of growth since the end of 2020 and has continued at the same pace during the first months of 2021. Specifically, at the end of the first three months of 2021, collected with the data of the last two months of 2020, it results that employment has increased by 4.7%. The EC considers these data positive when it comes to recovery within 6 months. "From the reviews made, the European Commission has concluded that 2021 has started with an increase of 4.7% of employment throughout the country. of the pre-crisis ", the report says. The EC has noticed that in these months, sectors and businesses that suffered the most damage during the pandemic have started to recover, mentioning; agro-tourism, transport and tailoring, which are noted to have registered an increase in employees. "In annual terms, total employment decreased by 3.1%, reflecting the decline in the index of employees in industry, in sectors particularly affected by the pandemic such as; transport, tourism businesses, as well as tailoring factories. "On the other hand, an increasing number of employment and income projections are being seen this year by these same sectors", the EC emphasizes. reflecting the decline in the industrial employment index, in sectors particularly affected by the pandemic such as; transport, tourism businesses, as well as tailoring factories. "On the other hand, an increasing number of employment and income projections are being seen this year by these same sectors", the EC emphasizes. reflecting the decline in the industrial employment index, in sectors particularly affected by the pandemic such as; transport, tourism businesses, as well as tailoring factories. "On the other hand, an increasing number of employment and income projections are being seen this year by these same sectors", the EC emphasizes.