Albanian economy affected by political tensions, Fitch 2020 report says

 

 Political tensions have exacerbated the risks to the Albanian economy. The Fitch Rating report, which analyzes the factors affecting economic development, has found that the political crisis and the failure to open negotiations with the EU will worsen the economic situation in 2020, which will directly affect the lives of citizens.

The political crisis in the country has worsened the economic situation and expectations for the future. The prestigious rating agency Fitch has found that the political tensions, the opposition boycotts in local elections 2019, and the failure to open negotiations with the EU have had a negative impact on the economy in 2019 bringing thus also many negative risks for 2020, this will be reflected in the livelihood of the citizens.

The Fitch report assesses political risk and predicts instability for 2020, linked to the sudden mass protests aimed at ousting executives and public dissatisfaction with their daily lives. The lack of legitimacy of the government is linked directly with the lack of opposition in the local elections where the government won all the seats, according to the perceptions of the report. This has led Albania to fall significantly in terms of legitimacy, followed by Algeria and Bolivia.