The World Bank predicts that the Albanian economy will grow by 3.2% this year, marking a significant slowdown compared to the projected 3.6% level expected to be closed by the end of 2023.<\/p>\n
This estimation comes from the recently published Global Economic Outlook report. The expectation for 2025 remains the same, at 3.2%. Compared to the June 2023 report, both for 2024 and 2025, the estimate has decreased by 0.1 percentage points.<\/p>\n
The highest growth in 2024 is expected to be in Kosovo, at 3.9%. Montenegro is at the same level as Albania, at 3.2%. Serbia is projected to expand by 3%, while Bosnia and Herzegovina and North Macedonia are expected to have lower growth rates, at 2.8% and 2.5%, respectively.<\/p>\n
Global economy to grow slowly in 2024<\/strong><\/p>\n The World Bank predicts that the global economy will slow down for the third consecutive year in 2024, decreasing to 2.4% from 2.6% in 2023, as stated in its latest report.<\/p>\n The global economy is on track to record its worst half-decade growth in 30 years, according to the World Bank.<\/p>\n The economy is expected to grow slightly in 2025, at just 2.7%, although the acceleration over the five-year period will remain below the average rate of 3.1% of the 2010s.<\/p>\n Despite the reduced likelihood of a global recession, mainly due to the strength of the U.S. economy, the escalation of geopolitical tensions will present new short-term challenges, said the World Bank, causing most economies to grow more slowly in 2024 and 2025 than in the previous decade.<\/p>\n Eurozone expected to grow slightly more in 2024<\/strong><\/p>\n The World Bank predicts that the eurozone with 20 countries will grow by 0.7% this year, a modest improvement from the expansion of 0.4% last year.<\/p>\n The international financial institution expects economic growth in the United States, the country that led the way in 2023, with a growth rate of 2.5%, to slow down to 1.6% this year as higher interest rates weaken borrowing and spending.<\/p>\n China\u2019s economy, the world\u2019s second-largest, is expected to grow by 4.5% this year and 4.3% in 2025, significantly down from 5.2% last year.<\/p>\n China\u2019s slow growth is likely to harm developing countries that supply the Chinese market with goods. These include South Africa, which produces iron ore, and copper-exporting Chile.<\/p>\n Japan\u2019s economy is expected to grow by only 0.9%, half the pace of its expansion in 2023.<\/p>\n","protected":false},"excerpt":{"rendered":" The World Bank predicts that the Albanian economy will grow by 3.2% this year, marking a significant slowdown compared to the projected 3.6% level expected to be closed by the end of 2023. This estimation comes from the recently published Global Economic Outlook report. The expectation for 2025 remains the same, at 3.2%. Compared to […]<\/p>\n","protected":false},"author":24,"featured_media":64485,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[165],"tags":[5100,823,898,243,151,326,629,1349],"acf":[],"yoast_head":"\n