Analysis of Macroeconomic Indicators of the Visegrad Group

Abstract

The past two years have been largely defined by an unforeseen threat from the emergence of the COVID-19 pandemic. It has had a huge impact on the economic development of individual countries. SMEs as important contributors to the economy of individual countries felt the negative effects of the pandemic the most. Our research intends to examine the macroeconomic effects of the changes caused by the pandemic in the Visegrad Four countries using comparative analysis. The paper is based on a summary of the literature on which the topic is based, followed by the evaluation and analysis of data from secondary sources. The secondary data was collected using databases published by Eurostat, the OECD, and Statista. The analysis shows that the impact of the pandemic can be monitored for each macroeconomic indicator.