TIRANA, October 17, 2024 – Albania's economic growth in 2024 is expected to stay strong at 3. 3%, driven by private consumption, tourism, and construction, according to the latest Western Balkans Regular Economic Report - released today by the World Bank. . According to the leaders of the main real estate agencies in Tirana, the demand for property purchases continues to be slowed down compared to the previous year. Growth is expected to moderately accelerate. . This report was prepared by Peter Tabak, Lead Regional Economist for the Western Balkans, Nevena Stevancevic, Economic Analyst for the Western Balkans, and Beatrice Ravanetti, Associate, Country Economics, Strategy and Policy. The political economy segment of the report was written by Oleg Levitin. Fixed regulated rates are seen as a major barrier to a price-responsive demand. Potential role of demand response in Albania Reduce needs for. . The primary objective of the Bank of Albania's monetary policy is to achieve and maintain price stability.
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