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Analysis Of The Inflation And Economic Growth In The Republic Of North Macedonia And The Republic Of Bulgaria

Author

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  • Biljana Tasheva

    (South-West University “Neofit Rilski”, Blagoevgrad, Faculty of Economics)

Abstract

As a consequence of global instability, the economy of almost all countries of the world has significantly deteriorated. The outbreak of war between Russia and Ukraine has led to an even bigger energy crisis and high import inflation. The policies of most countries are proving to be inadequate and ineffective. From that aspect, the purpose of this research is to analyze the situation with inflation movements and economic growth in the Republic of North Macedonia and the Republic of Bulgaria in 2022 (Q2). From the research, it has been determined that in the analyzed period, in both analyzed countries, economic activity has decreased, economic growth has slowed down, on the contrary, inflation has accelerated further, and external debt has increased. Constant analyzes of macroeconomic trends contribute to vigilant monitoring of the current situation, hence the adoption of appropriate domestic policies and proper management of enterprises from the energy sector.

Suggested Citation

  • Biljana Tasheva, 2023. "Analysis Of The Inflation And Economic Growth In The Republic Of North Macedonia And The Republic Of Bulgaria," Entrepreneurship, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 11(1), pages 79-97.
    • Handle: RePEc:neo:epjour:v:11:y:2023:i:1:p:79-97
    DOI: 10.37708/ep.swu.v11i2.7
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    More about this item

    Keywords

    inflation; economic growth; energy crisis; Republic of North Macedonia; Republic of Bulgaria;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

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