The Financial Crisis, Its Dimensions and Consequences in the World and the Albanian Economy

Abstract

The goal of this paper is to give a complete overview of the global financial crisis consequences in the Albanian economy. It is a fact that the world crisis has affected our economy by trembling the factors and equilibriums that have supported economic growth. These factors have been reflected in the reduction of the level of consumption, of exports and investments, bringing to a deceleration of the economic activity and a greater pressure over fiscal indices, such as budgetary incomes andbudget deficit.The decline in the inflow of foreign currency funds has also been associated tothe worsening of the balance of payments indices and to the augmentation of depreciative pressures over the foreign exchange rate.