Gent Sejko: Albania's economic and financial developments in 2023
By Bank for International Settlements (BIS)
Governor Gent Sejko presents a robust picture of the Albanian economy in 2023, characterized by a 3.5% growth rate and a historic drop in the current account deficit to 0.9% of GDP. Central to this stability was the Bank of Albania’s monetary policy normalization, which successfully lowered inflation from 7.4% to 4% by year-end.
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