THE ROLE OF THE FINANCIAL AND MACROECONOMIC INDICATORS IN THE ECONOMY OF REPUBLIC OF NORTH MACEDONIA- PERIOD BEFORE, DURING AND AFTER COVID-19

Valbon Mehmedi, V.M. and Seadin Xhaferi, S.X. and Igor Zdravkoski, I.Z. and Pece Nikolovski, P.N. (2024) THE ROLE OF THE FINANCIAL AND MACROECONOMIC INDICATORS IN THE ECONOMY OF REPUBLIC OF NORTH MACEDONIA- PERIOD BEFORE, DURING AND AFTER COVID-19. International Scientific Journal Monte (ISJM), Volume (1). pp. 117-126. ISSN ISSN 2661-2666

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Abstract

Realizing the need for real research on the macroeconomic potentials and the need for further development of the
international relations of a certain country, namely the Republic of North Macedonia, this paper aims to reflect the
financial and macroeconomic situation of the RNM in the period 2013-2023, namely analyzing the movement of some
financial and macroeconomic indicators, the period of major changes as a result of the COVID-19 pandemic, and the
recovery of the RNM economy, post-COVID-19 period.
In this paper the importance of economic growth, the factors that influence economic growth, government policies
and economic growth will become clearer. The subject of the balance of payments, the factors affecting it and its
movement will be elaborated in the aforementioned period. Also, the connection between the inflation rate and the
exchange rate with the net export will be elaborated, as it is an important factor in the country's international economic
relations. As the last but not the least important goal is the interpretation of the results of the empirical and regression
analysis on the connection of the exchange rate and the inflation rate with net exports, as well as giving
recommendations in the future in terms of protection against large fluctuations in exchange rates, the possibilities for
intervention of government policies in reducing inflation in order to improve the economic situation.
Through this analysis, it has been determined that the exchange rate has a positive effect on net exports, while the
inflation rate has a negative effect on net exports. Fiscal and macroeconomic policies should be aimed at regulating
the stability of the domestic currency, controlling the inflation rate and improving the balance of payments deficit.
Keywords: Economic growth, Exchange rate, Inflation, Covid-19

Item Type:	Article
Subjects:	Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions:	Faculty of Economics
Depositing User:	Mr Dimitar Risteski
Date Deposited:	18 Nov 2025 12:58
Last Modified:	18 Nov 2025 12:58
URI:	https://eprints.uklo.edu.mk/id/eprint/11205

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