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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.
Çinaj et al. (Thu,) studied this question.