It's a shame that the internet is a virtual medium, because there are a lot of people out there that I'd like to express my deep feelings of friendship to, and having spent the last two years here in Serbia, I'd like to do it in a truly Serbian way.
Albania 'in Record Economic Growth'
Tirana | 17 December 2008 |
Tirana
“We have worked closely with an International Monetary Fund expert for this project,” said Ines Nurja, the head of INSTAT presenting the statistics.
Wednesday was the first time that INSTAT had revealed the economic growth in the
country, while previous surveys were announced by the IMF.
The IMF has not confirmed yet that it has cooperated in this.
In the last public appearance on November 11, the IMF Mission Chief Gerwin Bell, said that “growth has remained buoyant and on track to reach 6 percent again this year.”
The IMF warned also that due to the global financial crisis, growth could decelerate to 3.5-4.0 percent in 2009.
Albanian experts have raised serious questions on the accuracy of the data presented by INSTAT.
“I don’t think that is an accurate projection because, the previous projection of the IMF is 6 per cent,” Shkelcim Cani, the former governor of the Bank of Albania, told Balkan Insight.
“Nothing has happened, such change is like a car shifting from 60 to 100 kilometres and we would noticed it,” Cani added.
According to INSTAT, the construction of the Albania- Kosovo highway was the main factor for this spectacular growth together with tourism.
Cani rejected such claim, arguing a road which is not yet finished cannot have such an impact on economic growth.
2008-12-25 14:51:17