The phrase 'macroeconomic situation' is correct and can be used in written English.
Example sentence: The current macroeconomic situation has made it difficult for businesses to stay afloat.
The donors also praised Indonesia for an improved macroeconomic situation.
Therefore, it was not the draconian budget expected in the current macroeconomic situation.
The macroeconomic situation in Puerto Rico is strikingly similar to that of Greece in 2010.
"Turnaround on the revenue side is more dependent on the macroeconomic situation".
"But we've been dealt a macroeconomic situation that wasn't created by New Jersey".
These "risks" are symptomatic of the broader macroeconomic situation and of appropriate central bank efforts to rectify it.
An advantage of our design is that those 4 years were characterized by rather different macroeconomic situations, as indicated by the unemployment rates which, over the 4 years, were 1.6, 8.0, 6.5, and 4.0 %, respectively.13 Thus, the first arrival cohort studied entered Sweden when employment opportunities were plentiful, but they deteriorated rapidly during the first years after arrival.
The European macroeconomic and financial situation continues to spiral out of control.
The report warned that high oil prices "are weighing down on an already-fragile macroeconomic and financial situation" in the developed countries, while burdening the financial health of developing countries and pushing up inflation.
There were frequent currency crises, but as we have seen, these were mostly situations where macroeconomic policies were inconsistent with the level of the fixed exchange rates set in the Bretton Woods system.
If there's a really crucial lesson in all this, it is that appropriate macroeconomic policy depends on the situation.
