Macroeconomic Impact of Natural Disasters in Albania

Abstract

This paper has aim to take a general look at the impact that natural disasters have on a country's economy. Further expanding concretely in the impact caused by the earthquake of November 26, 2019, in the economy of Albania. This paper studied macroeconomic indicators over the past few years, forecasts for their progress before the natural disaster, and how they are projected to change after that. Damages and losses will be analyzed according to specific sectors of the economy as well as the impact on the main affected municipalities. The paper presents the authors conclusions and recommendations regarding the actions to be taken to help with the least harmful way of the earthquake.

Keywords

• macro
• impact
• natural
• disaster