Assessment of Firms' Financial Resilience against Pandemic and Disaster Shocks in Albania:
Over the period 2019-21, Albania had to confront dual shocks: the 2019 earthquake and the COVID-19 pandemic. Both had sizable impacts on the country's economy. The COVID-19 pandemic took a heavy toll on an economy already affected by the earthquake in 2019. Key sectors were put in lockdown in t...
Saved in:
| Corporate Author: | |
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| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C
The World Bank
2021
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| Series: | Other Financial Sector Study
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| Subjects: | |
| Online Access: | Volltext |
| Summary: | Over the period 2019-21, Albania had to confront dual shocks: the 2019 earthquake and the COVID-19 pandemic. Both had sizable impacts on the country's economy. The COVID-19 pandemic took a heavy toll on an economy already affected by the earthquake in 2019. Key sectors were put in lockdown in the second quarter of 2020, and the economy suffered a severe contraction of -10.6 percent in gross domestic product (GDP). The pandemic hit the travel, tourism, and other services sectors first; then mobility restrictions and post-COVID-19 behavior changes affected firms' supply and demand. Given the structure of the economy, the associated loss in sales and profits had a disproportionate effect on small and medium enterprises |
| Physical Description: | 1 Online-Ressource |
| DOI: | 10.1596/37258 |
Staff View
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| index_date | 2024-07-03T22:27:57Z |
| indexdate | 2025-02-20T07:20:20Z |
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| language | English |
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| series2 | Other Financial Sector Study |
| spellingShingle | Assessment of Firms' Financial Resilience against Pandemic and Disaster Shocks in Albania Business Cycles and Stabilization Policies Business Environment Macroeconomics and Economic Growth Private Sector Development Small and Medium Size Enterprises |
| title | Assessment of Firms' Financial Resilience against Pandemic and Disaster Shocks in Albania |
| title_auth | Assessment of Firms' Financial Resilience against Pandemic and Disaster Shocks in Albania |
| title_exact_search | Assessment of Firms' Financial Resilience against Pandemic and Disaster Shocks in Albania |
| title_exact_search_txtP | Assessment of Firms' Financial Resilience against Pandemic and Disaster Shocks in Albania |
| title_full | Assessment of Firms' Financial Resilience against Pandemic and Disaster Shocks in Albania |
| title_fullStr | Assessment of Firms' Financial Resilience against Pandemic and Disaster Shocks in Albania |
| title_full_unstemmed | Assessment of Firms' Financial Resilience against Pandemic and Disaster Shocks in Albania |
| title_short | Assessment of Firms' Financial Resilience against Pandemic and Disaster Shocks in Albania |
| title_sort | assessment of firms financial resilience against pandemic and disaster shocks in albania |
| topic | Business Cycles and Stabilization Policies Business Environment Macroeconomics and Economic Growth Private Sector Development Small and Medium Size Enterprises |
| topic_facet | Business Cycles and Stabilization Policies Business Environment Macroeconomics and Economic Growth Private Sector Development Small and Medium Size Enterprises |
| url | https://doi.org/10.1596/37258 |
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