COMPARATIVE ANALYSIS OF THE ECONOMIC SITUATION BEFORE AND AFTER THE OUTBREAK OF THE PANDEMIC SITUATION IN ALBANIA

Dr. Tatjana Elezi¹, Bojken Llambro², Prof. Dr. Alba Dumi³

Authors country of origin: Albania^1/2/3
Institutional affiliation: ¹Head of Accounting & Finance Department, Canadian and Tirana Business University College,²University of “Ismail Qemali” Economics, ³Vice Dean TBU University Tirana, Albania
Email address: tatjana.elezi@tbu.edu.al, bojken.llambro@gmail.com, alba.besi12@gmail.com

Abstract

COVID-19 hit Albania’s firms’ finances hard. While a similar share of firms reported decreased liquidity and cash flow availability across the countries, 58% of firms in Albania reported delaying payments to their suppliers, a share considerably higher than in the other seven countries.

COVID-19 has the potential to cause three waves of morbidity and mortality: the first is due the disease itself; the second to the inability of health systems to maintain health services,1 and the third is due to increased levels of unemployment, poverty, economic repercussions, disruption to social services and social systems, and increasing inequalities. Based on current evidence, the most plausible scenario for the evolution of the pandemic may involve recurring epidemic waves interspersed with periods of lower-level transmission.

The challenge for the government and the health system in a recurring epidemic wave scenario with compounding waves of mortality and morbidity is to remain ready to provide the full range of services needed to prevent, diagnose, isolate and treat COVID-19 patients, while providing the full spectrum of health services and strengthen its health system towards Universal Health Coverage. This requires a dual track health system response which will test many countries.

Key words: Empirical Study of COVID 19, Pandemic plan, Health system, Albania reforms Empirical studies of COVID 19, Recurring epidemic, Accounting’s politics,

Volume 4.No.2(2021): April (Social Sciences Session)

ISSN 2661-2666 (Online) International Scientific Journal Monte (ISJM)
ISSN 2661-264X (Print)

DOI : 10.33807/monte.20211916

DOI URL: https://doi.org/10.33807/monte.20211916

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This is an open access article under the CC BY-NC-ND license (creativecommons.org/licenses/by-nc-nd/4.0/)