Forecast for the domestic economy and national competitiveness

Abstract

The globalization of markets, the fourth industrial revolution - Industry 4.0, and the post-pandemic business paradigm affected not only domestic enterprises but enterprises around the world as well. Forecasts regarding GDP growth, unemployment rates and competitiveness are provided and discussed by various organizations (World Bank, European Central Bank, World Economic Forum etc.). Additionally, a large number of quarterly reports on various metrics for almost every country are published. In this paper the existing data and reports published by some of the noted organizations are analyzed. The goal is to provide a concise and informative overview on potential domestic macro-economic trends, on national competitiveness and on the competitiveness of domestic enterprises. The overview is conceptualized through discussing existing and potential economic forecasts based on reports. The paper provides a solid basis for future research in the domain of domestic economy and national competitiveness. The paper also provides suggestions and guidelines for improving the competitiveness of domestic enterprises