MACROECONOMIC STABILITY IN MACEDONIAN ECONOMY IN TROUBLED TIMES

Abstract

The subject of research of this paper presents the macroeconomic stability in the Macedonian
economy in time of the Covid-19 crisis. The purpose of the research of this paper is to analyze
whether Macedonian economy is a well-functioning market economy in troubled times and
what are the risks for the future in our economy. The first part of the paper is an introduction,
which explains the topic of the research, while the second part of this paper explains the
macroeconomic parameters that are used to measure the macroeconomic balance in the
economy that are: general price stability (inflation rate), labour market equilibrium (full
employment), sustainability of public finances (amount of budget deficit), sustainability of
external economic relations (amount of the balance of payments deficit) and indebtedness
sustainability (degree of indebtedness). Finally, the third part of the paper is the conclusion.