The arrival of the COVID-19 pandemic within the first and second quarter of 2020 spelled catastrophe for Western Balkan economies, plunging their plans for financial development into reverse.
As provide strains have been interrupted, exports fell and the vacationer season was kind of cancelled, as have been beforehand daring predictions of three.4 to five per cent GDP development. Information comparability between 2019 and 2020 present that all the six nations within the area took a giant hit.
Unable to deal with the ordeals plaguing the worldwide financial system, most of efforts of governments within the area have been understandably directed in the direction of mitigating the fast downside of job losses and conserving native firms afloat by way of stimulus packages.
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