Macroeconomic stability – the ability of the economy to maintain high price stability, i.e. Low inflation rates, dynamic rates of economic growth and create new jobs. Under such assumptions, the country can drive the internal and external debt and handle financial crises. RM after 1996 It maintains low inflation rates (the average for the last 10 years is about 2%). However, the rates of economic growth of the Macedonian economy are low. In the period 1992-2002 The average rate of economic growth is only 0.9%, and the last few years it is maintained at the level of 3 to 4%. The unemployment rate is enormously high – over 30%. The internal and external debt of the Republic of Macedonia, basically, are maintained at a satisfactory level – for 2005. The total public debt (public sector obligations based on domestic and external borrowing) amounted to about 2 MRD. Euro or 44% of the country’s gross domestic product. Hence, at this stage of development, RM is a country with high price stability, but not with full macroeconomic stability. Exhibit Ministry of Finance of the Republic of Macedonia, “Newsletter”, Jan. / Feb. 2006. Lit.: The challenges of the Macedonian economy, MANU, Skopje, 2004. T. F.
Original article in Macedonian language Cyrillic alphabet
Кириличен напис МАКРОЕКОНОМСКА СТАБИЛНОСТ