Publication:
Assessment of Firms' Financial Resilience against Pandemic and Disaster Shocks in Albania

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dc.contributor.authorWorld Bank
dc.date.accessioned2022-04-04T16:20:14Z
dc.date.available2022-04-04T16:20:14Z
dc.date.issued2021-06
dc.description.abstractOver 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 enterprisesen
dc.identifierhttp://documents.worldbank.org/curated/en/099320004012219725/P17481107a14b00b6084e90f6663d56cade
dc.identifier.doi10.1596/37258
dc.identifier.urihttps://hdl.handle.net/10986/37258
dc.languageEnglish
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectBUSINESS INTERRUPTION
dc.subjectVOLATILITY
dc.subjectDISASTER RISK
dc.subjectPRIVATE SECTOR RESILIENCE
dc.subjectSMALL ENTERPRISES
dc.subjectMEDIUM ENTERPRISES
dc.subjectPANDEMIC RECOVERY
dc.subjectCOVID-19 RECOVERY
dc.subjectAT RISK ASSETS
dc.subjectRISK MITIGATION
dc.titleAssessment of Firms' Financial Resilience against Pandemic and Disaster Shocks in Albaniaen
dspace.entity.typePublication
okr.crossref.titleAssessment of Firms' Financial Resilience against Pandemic and Disaster Shocks in Albania
okr.date.disclosure2022-04-01
okr.date.doiregistration2025-05-07T10:45:10.562499Z
okr.date.lastmodified2022-04-01T00:00:00Zen
okr.doctypeReport
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099320004012219725/P17481107a14b00b6084e90f6663d56cade
okr.guid099320004012219725
okr.identifier.externaldocumentum33777088
okr.identifier.internaldocumentum33777088
okr.identifier.report170088
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099320004012219725/pdf/P17481107a14b00b6084e90f6663d56cade.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryAlbania
okr.topicMacroeconomics and Economic Growth::Business Cycles and Stabilization Policies
okr.topicPrivate Sector Development::Business Environment
okr.topicPrivate Sector Development::Small and Medium Size Enterprises
okr.unitEFI-ECA-FCI-Finance-2 (EECF2)
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