According to the International Monetary Fund (IMF) projections, the European economy is expected to experience a period of moderate growth rates during the remaining years of this decade.

For the period 2027–2031, the eurozone economy is expected to expand by an average of 1.2% per year, while that of the European Union is expected to expand by around 1.4%, significantly below the global average rate of 3.2%.

However, some smaller economies on the continent are expected to stand out for more dynamic performance.

Malta tops the list with an average annual growth of 3.96%, closely followed by Kosova with 3.95%. Ukraine ranks third, with an expected rate of 3.78%, supported mainly by investments related to the country’s post-war reconstruction.

Serbia is also expected to register steady growth, around 3.52% per year, driven by large public projects and preparations for the organization of Expo 2027. Meanwhile, Moldova is expected to achieve an average growth of 3.5%, thanks to the continuation of economic reforms and financial support from the European Union.

Albania is also included in this group of economies with high growth rates. According to the IMF, the Albanian economy is expected to grow by an average of 3.19% per year during the period 2027–2031. Albania’s economic performance remains significantly above the average forecast for the eurozone and the European Union.

According to the latest Economic Outlook of the International Monetary Fund, Europe’s largest economies are expected to face slower growth rates.

The IMF estimates that factors such as an aging population, high levels of public debt, limited productivity, high energy costs, and geopolitical uncertainties will continue to exert pressure on economic growth in the coming years.