The Impact of the Covid 19 Pandemic on the Economy with Focus on GDP in Selected Countries and the Affection on the Tourism

Abstract

At the end of 2019, a new virus caused by the SARS-KOV-2 virus (Covid 19 / coronavirus) appeared in China. In 2020, it spread around the world and a new pandemic appeared, which caused problems in the global economy, rising unemployment, market stagnation, declining tourist demand and the like. As a result of the Covid 19 virus crisis, many industries have seen their production decline, halting their activities. The products sector ceased to exist, exports and imports of goods were carried out to a minimum, which is why it applies to economies. In addition, almost all European countries have introduced some form of reduced population movement, which has directly affected tourism, but the crisis caused by the Covid 19 virus has continued to spread around the world. Today, there is still uncertainty and risk associated with the continued functioning of the economy, especially in the field of tourism and society as a whole due to the continuous spread of the Covid 19 virus, in all economic and business sectors.

This paper tries to show how the global crisis has affected and still affects various economic and tourism factors that are important for the functioning of society, the connection of transport, the inclusion of tourism and culture. Studying the literature, the purpose of this paper is to show how the Covid 19 pandemic affected the economies of Italy, Croatia, Albania and North Macedonia. The goal of each of these countries is for the others who are not included in the research for this particular paper, to be able to implement the growth strategy and the stabilization strategy as soon as possible, in order to normalize these countries as soon as possible, i.e. to suppress the negative consequences of the Covid virus 19, which differ between the countries in the world.