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albania economy watch skip to main skip to sidebar albania economy watch sunday august 17 2008 albania gdp and inflation albania is in the process of passing new milestones in its economic and political development over the last decade and underpinned by programs from the world bank and the international monetary fund per capita gdp in u s dollar terms has more than doubled while inflation has been brought down to oecd economy levels while some of this improvement reflects catch up gains obtained during the transition from a particularly detrimental economic policy regime prior to the 1990s a significant part of the progress has been due to the application of prudent macroeconomic and structural policies one recognition of the extent of these economic and political achievements has been the signing of a stabilization and association agreement with the eu in 2006 inflation while episodically above the target range is now among the lowest in the region in spite of global food and commodity price shocks there have only been temporary deviations from the 3 1 percent inflation target range and expectations going forward appear firmly anchored a cumulative 125 basis points increase in the policy rate since july 2006 has maintained positive real interest rates buttressed by timely regulatory tightening notwithstanding last years drought growth remained around potential and has become more broadly based real gdp grew by 6 percent in 2007 and the same rate is projected by the imf for the current year a regional drought in 2007 affected albania particularly badly due to its dependence on hydro electric power generation and rain fed farming but the recovery has been rapid as the economy diversified with buoyant construction and trade and the opening of new markets and export activities e g in textiles footwear and mining posted by edward hugh at 12 43 pm no comments home subscribe to posts atom rss feed blog home page albania economy watch emerging markets emerginvest blog albania economy watch brazil economy watch chile economy watch egypt economy watch india economy watch indonesia economy watch kazakhstan economy watch morocco economy watch peru economy watch philippines economy watch south africa economy watch thailand economy watch turkey economy watch emerging economies our personal blogs alpha sources bonobo land edward hugh blog claus and edward s baker s dozen claus vistesen and edward hugh are proud and happy to announce that they are now working as featured analysts with a new boston based start up emerginvest claus and edward have used a new updated methodology in order to identify a group of 13 emerging economies which we consider are going to outperform both the rest of the emerging economy group and the oecd economies in terms of a number of key performance indicators over the 2008 2020 horizon through our association with emerginvest we hope to develop performance indicators which will confirm both the relevance and validity of the selection procedure adopted we would like to point out that we have absolutely no financial connection whatsoever with emerginvest although we do heartily endorse what they are trying to do in particular we see the move by the investment community towards emerging markets as one of the most effective and direct ways to address those issues of inter country wealth and income imbalances which have plagued our planet for so long now namely by getting the money from the rich who have it to the poor who need it sending investment to emerging economies is also a way of addressing the underlying imbalances which exist between the relatively older populations of the developed economies who increasingly need to save and the relatively younger emerging economies who can benefit from the investment of those savings in their countries so in a way you can both ensure the future of your own pension and help attack poverty at one and the same time this type of possibility is normally known in economics as win win more theoretical background on the methodology behind this choice can be found across the posts in our demography matters and global economy matters blogs the oldest known source and most probable origin for the expression baker s dozen dates to the 13th century in one of the earliest english statutes instituted during the reign of henry iii r 1216 1272 called the assize of bread and ale bakers who were found to have shortchanged customers could be liable to severe punishment to guard against the punishment of losing a hand to an axe a baker would give 13 for the price of 12 to be certain of not being known as a cheat specifically the practice of baking 13 items for an intended dozen was to prevent short measure on the basis that one of the 13 could be lost eaten burnt or ruined in some way leaving the baker with the original dozen global latin america argentina economy watch brazil economy watch chile economy watch asia china economy watch indian economy blog india economy watch japan economy watch philippines economy watch eastern europe baltic economy watch czech economy watch hungary economy watch latvia economy watch poland economy watch romania economy watch russia economy watch turkey economy watch ukraine watch eurozone french economy watch german economy watch greece economy watch italy economy watch spain economy watch demography special mention a fistful of euros electoral panorama indian economy blog macroman new economist macro blog brad setser economists view econbrowser eurozone watch evening distribution about claus claus vistesen is a 23 year old macroeconomist who is on the point of finishing his msc in applied economics and finance from the copenhagen business school his primary research interests are international finance and international macroeconomics claus is especially interested in how the changing structure of global and national demographics impacts on local macroeconomic performance moreover and as the wonk he ultimately is he also takes a considerable interest issues and methodologies associated with econometrics and this is an interest he intends to develop in his postgraduate research claus is a regular contributor to seeking alpha global economy matters demography matters about edward edward the bonobo is a catalan macroeconomist and economic demographer of british extraction now based in barcelona by inclination he is a macroeconomist but his deep seated obsession with trying to understand the economic impact of contemporary demographic changes has often taken him far from home off and away from the more tranquil and placid pastures of the dismal science into the bracken and thicket of demography anthropology biology sociology and systems theory all of which has lead him to ask himself whether thomas wolfe was not in fact right when he asserted that the fact of the matter is you can never go home again he is currently working on a book with the provisional working title population the ultimate non renewable resource edward currently writes for rge european econmonitor seeking alpha global economy matters demography matters a fistful of euros india economy blog edward s catalan blog el cafè de la república sucursal putxet edward s website edward hugh mainpage albania economic data albania ministry of finance bank of albania ministry of economy trade and energy albanian institute of statistics economics blogs brad delong nouriel roubini the big picture atanu dey emerginvest blog neuronomics skeptical speculator economics unbound economic dreams william polley calculated risk general glut angry bear stumbling and mumbling econbrowser cynic s delight economist s view prudent investor econtech tufte s economics classes aplia econ blog greg mankiw s blog pienso conservation finance economics links central banks monetary authorities edirc chicago centre for population economics conference calls inomics conferences future rfe country trade and market analysis profiles current account sustainability development weblogs earth institute ecological economics encyclopaedia econpapers economic associations and societies edirc economic department rankings econphd net economics departments institutes and research centers edirc economics research network ssrn economics roundtable blog of blogs fed in print frbsf international economics network lecture notes online nber working papers new economics papers nep oecd economics oecd factbook 2006 oecd information by country oecd statistics official statistics on the web resources for economists bill goffe sosig economics gateway statistical offices edirc statistical resources on the web un millenium project webec web resources in economics think tanks centre for european policy studies morgan stanley global economic forum oecd roubini global economics monitor biceps breugel e mail albania economy watch e mail site stats blog archive 2008 1 august 1 albania gdp and inflation