A critical analysis based on the IMF Framework on Regional Economic Development and Convergence with the EUIn 2024, Albania remains significantly behind the European average in terms of income per capita, particularly when measured by purchasing power parity (PPP).According...
President Donald Trump’s decision to impose new tariffs on imports from Canada, Mexico and China is set to have major impacts on global trade. This current situation of tariff war between the world’s largest economies is apparently a complex issue...
According to the most prestigious analyses of the economic programs of the most powerful countries in the world, we have summarized several key aspects that are important for understanding the trends and priorities of economic development at the global level:Diversification...
For Albania’s 2025 budget, the government plans to allocate 822.7 billion lek (approximately 8.2 billion euros), focusing on key areas such as health, infrastructure and education. Here is a breakdown by key institution.Ministry of Health. 80.7 billion lek (810 million...
In an interview that Mr. Gjokutaj told China Foreign Radio about the economic impact of the Chinese president's visit to Europe that "this visit comes in the framework of a relationship which, after 5 years of President Xi Jinping's...
Food inflation continued to decline for the 15th consecutive month, reaching 5.3% in February from 6.3% in January.OECD food inflation was lower than headline inflation for the first time since November 2021.Year-on-year inflation in the OECD, as measured by...
According to the international understanding of unit labor cost, it is seen as a broad measure of (international) price competition. It is calculated as the ratio of wages together with work-related compensations and bonuses to working hours. The calculation is...
Energy inflation in the OECD has been negative since May 2023 and remained so in 23 OECD countries. However, Türkiye and Colombia experienced energy inflation more than 25% in January 2024.Food inflation in the OECD continued to slow, to...
The Albanian economy and labor market experienced a weak employment recovery after the COVID-19 pandemic, unlike the recovery experienced by EU member states.A look at the performance of the EU economy shows that after contracting by -5.9% in 2020, the...
Gross Domestic Product (GDP) in the OECD grew by 0.5% in the third quarter of 2023, at the same pace as the previous quarter.In the G7, quarterly GDP growth rose to 0.6% in the third quarter, from 0.4% in the...
