THE IMPACT OF COVID-19 ON THE MACROECONOMY OF BOSNIA AND HERZEGOVINA - A REVIEW OF THE LITERATURE

Student master studija, Univerzitet u Istočnom Sarajevu, Fakultet poslovne ekonomije Bijeljina, Republika Srpska, BiH
Bosnia and Herzegovina

Student master studija, Univerzitet u Istočnom Sarajevu, Fakultet poslovne ekonomije Bijeljina, Republika Srpska, BiH
Bosnia and Herzegovina

Student master studija, Univerzitet u Istočnom Sarajevu, Fakultet poslovne ekonomije Bijeljina, Republika Srpska, BiH
Bosnia and Herzegovina


Abstract

COVID 19 has brought many changes in the world and in our country. For developing countries such as Bosnia and Herzegovina, the consequences of the closure due to the pandemic are enormous. A large number of companies were in a bad financial situation before that. The state has turned to protect the health of its citizens, so the economy and everything related to business have been thrown into the background. The measures introduced by the state have led to rising unemployment, falling consumption of goods and services and the closure of businesses. Although the government has tried to help small and medium-sized enterprises and the economy with certain measures, many companies have been closed. Exports and imports of goods were almost completely interrupted, which affected everything from producers to end users of services. A number of companies have tried to save their business by laying off some workers. This has increased unemployment and the state's obligations to these people. This paper provides an overview of the impact of the global pandemic on some macroeconomic factors in Bosnia and Herzegovina.

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