The World Bank revised its report on the economic perspective of Albania, bringing down estimations for both 2021 and 2022.

In 2021, the local economy is expected to go up by 4.4%, going down 0.7 percentage points compared to the report in January.

In 2022, the estimation was also revised with a 0.7 percentage point difference, going down to 3.7%. The same estimate of 3.7% is also given for 2023.

The World Bank also states in their report that economies with a high dependence on tourism especially Albania and Montenegro will continue to suffer damages from limitations of international travel. Meanwhile, the COVID-19 pandemic and November 26^th 2019 earthquake made poverty in Albania more aggressive.

According to the World Bank’s last estimates on relative poverty, concerning the part of the population that lives with less than $5.5 dollars per day, as of 2020, Albania has an additional 28 000-112 000 poverty-stricken individuals.

In the conservative estimation of the World Bank, the most affected parts of the population were those included in the 2^nd-4^th class (in the effect of calculating the poverty line of a country, in these reports, the population is divided into 5 classes separated by 20% each, where the 1^st class belongs to the 20% receiving the least income and the 5^th class is the 20% with the highest income).

The report emphasized that Albania has the highest poverty level in the Western Balkans; around 1/3 of its citizens live with less than $5.5 dollars per day.