01603cas a2200241 a 4500 AALejournalIMF000355 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451800609 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Albania : Recent Economic Developments. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (80 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper describes economic developments in Albania during the 1990s. Macroeconomic performance deteriorated in 1996, as the fiscal stance was weakened ahead of the parliamentary elections in May. Although two large public sector wage increases contributed, it was mainly revenue shortfalls that drove the domestically financed budget deficit to more than 10 1\2 percent of GDP-the highest level since 1992. Reflecting higher demand in the economy, the trade deficit increased from 19 1\2 percent of GDP to 25 percent of GDP, and inflation nearly tripled to 17 1\2 percent. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 1997/021 Full text available on IMF http://elibrary.imf.org/view/journals/002/1997/021/002.1997.issue-021-en.xml IMF e-Library