Macedonia Economic Outlook
October 4, 2016Macedonia’s over one-year political standoff has constrained growth and contributed to higher borrowing costs in the international bond markets, a widening budget deficit and a fall in household bank deposits. In Q2, the economy expanded 2.2% annually, which is broadly unchanged from Q1’s expansion but a clear deceleration from the growth rate observed in the second quarter of the previous year. The print was underpinned by a rebound in fixed investment. However, a dramatic slowdown in exports and weakening domestic demand, particularly private consumption, give reasons for caution.
Macedonia Economy Data
5 years of Macedonia economic forecasts for more than 30 economic indicators.
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|Exchange Rate||56.44||-0.19 %||Oct 26|
|Stock Market||0.3||0.0 %||Oct 26|
Macedonia Economic Growth
October 4, 2016Prolonged political uncertainty continues to weigh on the country’s outlook. The outcome of the 11 December elections will be key to restore political stability and boost confidence in the economy. FocusEconomics Consensus Forecast panelists see GDP growing 3.1% this year, which is unchanged from last month’s forecast. For 2017, the panel projects that the economy will expand 3.4%.