macroeconomic
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macroeconomic
Concerning the national economy, that is, the entirety of the economic processes and relationships of a country.
Aus volkswirtschaftlicher Sicht ist ein hoher Exportüberschuss nicht immer vorteilhaft.
From a macroeconomic perspective, a high export surplus is not always advantageous.
The adjective is derived from the noun 'die Volkswirtschaft' (the national economy). This is made up of 'Volk' (people/nation) and 'Wirtschaft' (economy) and refers to the entire economy of a country. 'Volkswirtschaftlich' therefore means 'concerning the national economy.'
Die Regierung analysiert die volkswirtschaftliche Entwicklung.
The government is analyzing macroeconomic development.
'Volkswirtschaftlich' (macroeconomic) is a technical term from economics. It is mainly used in academic, political, or journalistic texts that deal with a country's economy.
Der Bau des neuen Flughafens hat einen großen volkswirtschaftlichen Nutzen.
The construction of the new airport has major macroeconomic benefits.
The word is often combined with terms that express evaluation or analysis. Common phrases are 'volkswirtschaftlicher Schaden' (macroeconomic damage), 'volkswirtschaftlicher Nutzen' (macroeconomic benefit), or the fixed phrase 'aus volkswirtschaftlicher Sicht' (from a macroeconomic perspective).
Die Flutkatastrophe verursachte einen immensen volkswirtschaftlichen Schaden.
The flood disaster caused immense macroeconomic damage.
economic / economical
'wirtschaftlich' and 'volkswirtschaftlich' both have to do with the economy, but they do not mean the same thing. 'wirtschaftlich' is general: it can refer to the economy, money, costs, or efficient action. 'volkswirtschaftlich' is used when talking about the economy of an entire country or about large-scale economic relationships. The risk of confusion arises because both words occur in texts about money, companies, or politics. In practice: for a company, a decision, or a cost-saving solution, you usually say 'wirtschaftlich'. For topics such as unemployment, inflation, or a country's growth, 'volkswirtschaftlich' fits.
Volkswirtschaftlich ist eine niedrige Arbeitslosigkeit für ein Land sehr wichtig.
From a macroeconomic perspective, low unemployment is very important for a country.
Diese Lösung ist wirtschaftlich, weil sie wenig Energie verbraucht.
This solution is economical because it uses little energy.