CEFR C1

macroeconomic management

noun phrase

Meaning

The process by which governments and central banks influence a country's economy to achieve specific goals, such as stable prices, full employment, and economic growth.

Examples

  • Effective macroeconomic management is crucial for long-term economic stability.
  • The new finance minister is expected to implement sound macroeconomic management policies.

Synonyms: economic policy, fiscal policy, monetary policy, economic steering