Macroeconomic Performance of WB Countries - Empirical Investigation

Marjanović, Darko and Lazić, Milena (2022) Macroeconomic Performance of WB Countries - Empirical Investigation. Economic Development (4). pp. 54-66. ISSN 1857-7741

Text marjanovic, lazic.pdf - Published Version Available under License Creative Commons Attribution Non-commercial No Derivatives. Download (616kB)

Abstract

The subject of this paper is a comparative analysis of key
macroeconomic indicators (Real GDP, Inflation, Unemployment rate, and
Government debt) of the Western Balkans in the period 2018 – 2021. The
aim is to assess their relationship and position and accordingly draw adequate
conclusions and recommendations for policymakers. The research is based on
a descriptive analysis of secondary data from The Global Economy database.
A comparative analysis of the selected macroeconomic indicators indicates that the COVID-19 pandemic and the global slowdown have had the least
severe impact on Serbia compared to other Western Balkan countries. This
resulted from the Serbian economy’s achieved macroeconomic and financial
stability, previous growth dynamics, built fiscal position, timely implementation of the comprehensive package of measures, and its economic structure.
In the forthcoming period, it can be expected that the Western Balkan region,
with the implemented structural reforms, will ensure macroeconomic stability
and the creation of a favorable foreign direct investment environment, which
will undoubtedly impact their further economic growth and development.

Item Type:	Article
Uncontrolled Keywords:	macroeconomic indicators, WB countries, economic growth
Research Department:	Macroeconomics
Depositing User:	Jelena Banovic
Date Deposited:	28 Dec 2022 10:17
Last Modified:	28 Dec 2022 10:17
URI:	http://35.240.28.64/id/eprint/1851
Author Links:	[error in script] No links available.

Actions (login required)

View Item