TIRANA, July 8 – According to projections by the International Monetary Fund (IMF), the European economy is expected to maintain moderate growth rates during the remaining years of this decade.
For the 2027–2031 period, the eurozone economy is forecast to expand by an average of 1.2% annually, while the European Union economy is expected to grow by around 1.4%. Both rates remain below the projected global average of 3.2%.
However, several smaller European economies are expected to record stronger performances. Malta ranks first with average annual growth of 3.96%, followed closely by Kosovo at 3.95%. Ukraine ranks third with an expected growth rate of 3.78%, supported mainly by reconstruction-related investments.
Meanwhile, Serbia is projected to grow by around 3.52% annually, driven by major public projects and preparations for Expo 2027. Moldova is also expected to record average growth of 3.5%, supported by economic reforms and European Union financial assistance.
Albania is included among the economies with higher growth rates. The IMF forecasts that the Albanian economy will expand by an average of 3.19% annually between 2027 and 2031.
The IMF’s latest economic outlook shows that larger European economies will face slower growth. The Fund identifies population ageing, high public debt, limited productivity, energy costs and geopolitical uncertainty as factors that will continue to weigh on economic performance.
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