Impact of isolation on the region’s economy – Albania has suffered less than many surrounding countries

The Albanian economy shrank at a rate of 10.2% during the second quarter of the year, ie in the period April-June, when the shock due to blocking measures was even greater. This rate is the most important indicator of the impact of isolation on the country’s economy, especially at a time when the whole of Europe is discussing the possibility of a second closure. But how is this rate compared to other Western Balkan countries? We find the answer in an extensive analysis of the Regional Cooperation Council (Rcc), which also bears the signature of Majlinda Bregu, general secretary of the council.

According to the data of the second quarter of the year, in the region Albania is the 4th for the impact of the blockade on the economy. Montenegro with a rate of about -20%, Northern Macedonia with -12.7% and Bosnia and Herzegovina with -10.5% have suffered more than in isolation in their economy. Serbia and Kosovo meanwhile had a relatively lower cost, with -9.3% in the case of Kosovo and -9.2% in the case of Serbia, the data show. Among the 6 countries in the region, Albania is the only country in recession in the first quarter of the year, a direct result of the strong earthquake that hit the country on November 26 last year.

SCAN

*Material i përgatitur nga portali SCAN. Ripublikimi mund të bëhet vetëm kundrejt citimit të autorësisë dhe burimit origjinal.