Albania Trade Deficit Widens in November đ
Albania's trade deficit widened in November 2024 due to a decline in exports, particularly in construction materials, textiles, and chemicals, while imports increased, driven by machinery and chemicals.
The widening of Albania's trade deficit, driven by a significant drop in exports across multiple sectors, is likely to have a moderate negative impact on the investment portfolio. The decline in exports, especially to key trading partners like Kosovo, Italy, and Greece, suggests weaker economic conditions and potential challenges for companies and industries exposed to the Albanian market. This could indirectly affect the performance of the European market, MSCI World, and potentially some individual stocks like BNP Paribas and Societe Generale that have exposure to the region.
Albania Holds Key Policy Rate at 2.75% âšī¸
The Bank of Albania kept its policy rate unchanged at 2.75% in December 2024, amid low inflation and robust economic growth.
The article indicates that the Bank of Albania maintained its policy rate, suggesting a stable monetary policy environment. With low inflationary pressures and strong economic growth, the impact on the given investment portfolio is likely to be neutral, as the portfolio does not have significant direct exposure to the Albanian market or its monetary policy.