New market study, "Albania Business Forecast Report Q1 2015", has been published

From: Fast Market Research, Inc.
Published: Thu Dec 25 2014


Core Views

* Albania's economic recovery will remain sluggish in 2014, hindered by anaemic consumer spending and the government's deteriorating fiscal position. We forecast Albania's economy to grow by 2.5% in 2014.
* The current account deficit will continue shrinking in 2014, with exports set to benefit from recovering external demand and imports restricted by weak consumer and corporate spending.
* Weak domestic demand will ensure that inflationary pressures remain subdued over the coming quarters. With low bank lending also stifling Albania's economic recovery, we expect the Bank of Albania (BoA) to continue its rate cutting cycle in 2014, lowering rates by 50 basis points to 2.50% by year-end.
* Although it is looking increasingly likely that Albania will be granted EU candidate status in June 2014, full membership of the bloc remains a distant prospect. Corruption and crime will continue undermining Albania's regional profile over the next few years, alongside growing fears over the sustainability of the country's rising public debt load.

Full Report Details at
- http://www.fastmr.com/prod/912209_albania_business_forecast_report_q1_2015.aspx?afid=303

Key Forecast Changes

* We have revised our forecast for Albania's current account to shrink to an 8.6% of GDP deficit in 2014, from 8.2% previously, against the backdrop of lower-than-anticipated remittance inflows from neighbouring Greece and Italy.

Key Risks To Outlook

* The unbalanced nature of the economic recovery means that Albania is overly reliant on recovering exports, and we would therefore be tempted to revise-down our real GDP forecast for 2014 if leading and high frequency indicators point towards a slower-than expected recovery in external demand in the first half of 2014.
* Albania's growing public debt load also represents a serious risk to the country's attractiveness as an investment proposition. Although we expect the government to remain relatively committed to fiscal consolidation, we caution that as of yet not enough has been done to instil confidence in the country's ability to prevent its...

The Albania Business Forecast Report helps businesses with market assessment, strategic planning and decision making to promote growth and profitability in Albania and is an essential tool for CEOs, Chairmen, Finance Directors/CFOs, Managing Directors, Marketing/Sales Directors with commercial interests in this emerging market..

An influential new analysis of Albania's economic, political and financial prospects through end-2017, just published by award-winning forecasters, Business Monitor International (BMI).

Key Uses

* Forecast the pace and stability of Albania's economic and industry growth through end-2017.
* Identify and evaluate adverse political and economic trends, to facilitate risk mitigation.
* Assess the critical shortcomings of the business environment that pose hidden barriers and costs to corporate profitability.

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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