The impact of COVID-19 on the economy of Kosovo
The Corona crisis has kept the world on tenterhooks for a good year now.
A highly contagious virus – initially downplayed in many places – developed rapidly into a global pandemic, plunging societies and their economies into deep crises and forcing them to make far-ranging restrictions and cuts.
The unexpectedly rapid production of effective vaccines has brought the containment and – hopefully – management of this pandemic within reach. However, the challenges for the state, the economy and society are and will remain enormous. It is already clear that the
Governments have had to take on substantial additional debt to maintain structures – especially in the healthcare system – to provide bridging aid and to support
This paper, "The Impact of COVID-19 on the Economy of Kosovo", provides a detailed overview of the development of the Kosovar economy during the pandemic, the measures taken by the government to contain or manage the crisis, and an assessment from a liberal perspective that is as clear as it is well-founded, and characterised by special expertise.
The author himself was his country's Minister for Economic Development until the beginning of 2020.
He notes: “The key to stability in times of pandemic is acting fast.”
And that is exactly what was lacking: measures were initiated too late, laws and emergency packages were passed too late.
In addition, the political framework conditions were anything but optimal. Kosovo had a succession of three governments last year and consequently government policies tended more towards populist than sustainable measures.
However, the author always remains fair in his assessments and proposals, and thus the entire text becomes a prime example of serious analysis that deserves to be widely read.