The Governor of the Bank of Albania, Gent Sejko, during a press conference stressed that economic growth in the country has remained solid. He stated that wages in the private sector have increased by 9.3 percent, while unemployment has dropped to 8.3 percent, indicating a significant improvement in the labor market.

Sejko also stressed that this increase in employment and wages could lead to an increase in consumer prices, bringing opportunities for controlled inflation. He added that financial markets have been characterized by stability and low-risk actions, while credit to the private sector has seen a significant increase. Non-performing loans are extremely low, reflecting a stable financial situation.

Another important element for the economy is the stability of the exchange rate, which has shown high resilience. Furthermore, Sejko predicted that inflation will return to the Bank of Albania's target during 2025, indicating a positive trend for the country's economy.

Gent Sejko: Economic growth has remained solid. Private sector wages have increased by 9.3 percent. Unemployment has fallen to 8.3 percent. Employment and wage growth could translate into consumer price increases. Financial markets have been calm, characterized by low risk appetite. Credit to the private sector has increased significantly. Non-performing loans are very low. The exchange rate has high stability. Inflation is expected to return close to target during 2025. The Bank of Albania keeps the key interest rate unchanged.

(d.xh-Balkanweb)