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Analysis Of The Reports For Expected Trends In Inflation And Economic Growth In The Republic Of North Macedonia And The Republic Of Bulgaria In The Period 2021-2023

Author

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  • Biljana Tasheva

    (South-West University “Neofit Rilski“, Blagoevgrad)

Abstract

The situation with the Covid-19 crisis significantly affected all spheres of economic and social life, causing a decline in economic growth, a large increase in prices, in almost all countries in the world, leading to an increase in the cost of living, ie to inflation. The analysis of the expected inflation and economic growth in the Republic of Bulgaria and the Republic of North Macedonia in the period from 2021 to 2023 is the main aim of this research. The research concludes that the initial projections of the National Banks from both countries for the analyzed period have been exceeded. However, the uncertainty of the crisis still persists, so on that basis, it can not be guaranteed with certainty that the economies in the two countries analyzed are safe. Therefore, it is necessary to continuously and carefully monitor the current situations in order to take appropriate measures in management.

Suggested Citation

  • Biljana Tasheva, 2022. "Analysis Of The Reports For Expected Trends In Inflation And Economic Growth In The Republic Of North Macedonia And The Republic Of Bulgaria In The Period 2021-2023," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 19(1), pages 12-24.
    • Handle: RePEc:neo:journl:v:19:y:2022:i:1:p:12-24
    DOI: 10.37708/em.swu.v19i1.2
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    More about this item

    Keywords

    inflation; economic growth; prices; q2; corona virus 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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