Financial Engineering
E-ISSN: 2945-1140
Volume 2, 2024
Albanian Macroeconomic Perspective Versus Covid – 19 Impact
Authors: , ,
Abstract: This paper analyzes how the COVID-19 pandemic has affected various areas related to the
economy of Albania. Covid-19 has affected many areas closely related to a country's economic
performance. In this paper regarding the direct factors that have led to the economic decline for other
countries in the Western Balkans. This is because the countries of the Western Balkans have similarities
with Albania and do not share only a common geographical position but much more. Among other
things, we are seeing how factors such as the reduction of tourism, foreign direct investments,
remittances, or net exports because of COVID-19 had a great impact on the economic decline of
Albania. The results of the econometric study demonstrate the direct connection between these macro
elements and the GDP of Albania. For this research, we used as a data resource the information
published by the Ministry of Finance and Economy, INSTAT, World Bank, Bank of Albania, IMF, etc.
Search Articles
Pages: 187-200
DOI: 10.37394/232032.2024.2.18