Comments and thoughts about the latest news and their impact on Albania and its economy.

Week 32 in 2022

All big economies try to introduce digital currencies. The U.S. are behind in the race; EU is in the piloting phase and China has been running trials since 2020. Albania needs to position itself wisely. In our opinion, for Albania there is only one option: the EU one. Read more about the digital currency race in https://www.wsj.com/articles/u-s-lawmakers-look-to-digital-dollar-to-compete-with-china-11659925037?mod=hp_listb_pos2.

For the first time in history, probably, we are facing a jobless recession. Especially in Germany and Italy, the economies are in recession while labour shortages abound. If Albania does not find ways to offer a flourishing and attractive economic and job landscape, it might further loose valuable workforce. Read more about the jobless recession here: https://www.wsj.com/articles/weak-growth-tight-job-markets-are-a-global-phenomenon-11659865504?mod=hp_major_pos2#cxrecs_s. We think Albania has to act fast and decisive – otherwise it will be on the loosing end of economic growth for at least a whole generation.

The END

Comments, Questions? Reach out to us on Social Media or via contact@albrev.com. Write us an e-mail if you want to be informed about new articles, too!