Albania's economy will grow by 2.3% in 2010, Johan Mathisen economist of European Department for Regional Policies and Studies at the International Monetary Fund (IMF) reported in a press conference in Tirana.
“Albania is among the few countries in the world that registered economic growth during 2009, while for this year the economic growth is forecasted at 2.3%”, Johan Mathisen said.
The economic growth will continue in 2011 with 3.3%, but prudent fiscal policies are urged by the government, Mathisen added.
"Management of incoming flows requires flexible macroeconomic policies and improvement of the resistance of the financial sector through prudent policies and strengthening cross-border financial stability," the IMF expert said.
According to Mathisen, Albania in comparison with other countries in the region has been less affected by economic crisis because it knew how to avoid excessive capital flows.
