Macroeconomic Variables Affecting Long-Term Growth of An Economy: A Survey of Economic Experts

Abstract

Gross Domestic Product (GDP) is regarded as a major indication of economic growth and is the primary focus of macroeconomic policy in every nation. Macroeconomic factors like the rate of interest, currency percentage, Consumer Price Index (CPI), and supply of money have demonstrated a high correlation with the index of the stock market. This connection must be considered by regulatory requirements relating to such elements, that will ultimately translate in an even more secure stock market. Furthermore, the volatility of the stock market index affects the macroeconomic indicators, thus traders and authorities must consider this when making decisions. Nonetheless, these observations may serve as a starting point for a more thorough investigation of the relationship between macroeconomic factors and economic growth in a nation rather than being the final word on the subject. Thus, we have studied how macroeconomic variables affect long-term growth in an economy while removing its constraints.