In 2020 COVID-19 (coronavirus) plunged the Western Balkan countries, like the rest of the world, into deep recession. Economic activity contracted by an estimated 3.4 percent - the worst downturn on record. The primary causes were the drop in both domestic and foreign demand and disruptions in supply chains, especially early in the year when activity in a number of sectors simply shut down. Countries like Montenegro that have a services or tourism-oriented...
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DETAILS
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2021/04/01
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Working Paper
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158538
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1
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1
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2021/04/27
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Disclosed
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Subdued Recovery
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Labor Market
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Citation
Kikoni,Edith; Blanco Armas,Enrique.
Subdued Recovery (English). Western Balkans Regular Economic Report|no. 19 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/303461619449910634