Hidden shocks from the economic crisis in Macedonia during 2010

Davcev, Ljupco (2010) Hidden shocks from the economic crisis in Macedonia during 2010. Acta Technica Corviniensis, 3 (4). pp. 51-56. ISSN 2067-3809

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Abstract

Macedonian managers are scared that the crisis will continue in 2010, giving new and much stronger economic socks. Most of them will be price oriented, coming from outside. People from the government are scared too, but they do not like to admit it. From one side this is good because they are the last which should show pessimism. They should be optimists because only then they will canalize and direct the economics ahead, which means that they will do all the necessary steps to help the real sector. But if this optimism is not real, than is not serious and detrimental. It is not allowing them to accept the fact that the economic crisis in Macedonia is not finished yet. Some numbers are predicting more complex period with higher budget deficit, lower consumption, bigger unemployment rate and significantly higher trade deficit. The beginning of 2010 is showing that company’s profitability will be significantly low. It is obvious that the government anti-crisis actions do not gave the necessary results and there is an immediate need for completely new steps. There are some steps that immediately should be taken for better business climate in Macedonia. They should be oriented toward improvement of the company’s liquidity and promoting investment activities with the same conditions for the domestic and international entities.

Item Type: Article
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Economics
Depositing User: Ljupco Davcev
Date Deposited: 08 Aug 2014 08:31
Last Modified: 08 Aug 2014 08:31
URI: http://eprints.ugd.edu.mk/id/eprint/10535

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