Monday, November 9, 2015

Albanian Economists: We risk of deflation

Albanian Economists view with concern the cuts forecasts for the economic development of the country, reported recently by domestic financial institutions and foreign. Bank of Albania cut growth projections to 2.5% while EBRD dragged its expectations to 2.3%.

Professors Arben Malaj and Adrian Civici, are convinced that between three engines stimulant to the economy, both are almost completely consumed, fiscal facilities, (impossible today for the commitment made by the government) and amenities cash, by lowering the interest rate.

The only engine to put in motion the economy are structural reforms. What are they ?! All the reforms that facilitate doing business.
Nonperforming loans, or low incomes in the budget, have received the bulk of government energy these days. But, according to economists, they are not the main problem. Economic growth, according to them should be the objective of every government decision.

Two measures, energy arrears and anti informal action can not take place in a difficult time. Economists had requested that measures be soft, so that consumption does not fall to those levels where made even more difficult the recovery. says albanian economists for abcnews Albania.

According to economists, enterprises that create jobs, we need good conditions for business.

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