Consequences of the global financial crisis on Macedonian economy

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The book examines the aftermath of the Great Moderation, highlighting the unpredictability of macroeconomic indicators and the failures of major institutions like the World Bank and IMF in forecasting. It focuses on the Macedonian economy, detailing the impacts of the global financial crisis on its financial sector, industrial production, trade, and labor market. The author emphasizes the challenges of making future economic predictions, underscoring the high costs borne by countries worldwide due to the crisis.