Macedonia Economic Outlook
July 3, 2018Annual economic growth slowed to the weakest pace in three quarters in Q1 due to lower investment and government consumption. Contributing to the expansion, however, was higher private consumption. The outlook for Q2 looks mixed given that industrial production grew at the weakest pace in four months in April, while, in the same month, retail sales grew strongly. On the political front, parliament is expected to override the president in a second vote on changing Macedonia’s official name to the “Republic of Northern Macedonia” in the coming weeks, after the president opposed the outcome of the first vote in June. However, before this comes into effect, improving Macedonia’s chances of joining the EU, a referendum on the change is expected to be held in the autumn.
Macedonia Economic GrowthThis year and next, economic growth is expected to accelerate on the back of solid growth in the domestic economy. FocusEconomics panelists expect the economy to grow 2.7% in 2018, which is down 0.2 percentage points from last month’s forecast, and 3.1% in 2019.
Macedonia Economy Data
5 years of Macedonia economic forecasts for more than 30 economic indicators.
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|Exchange Rate||52.80||-0.56 %||Jul 17|
|Stock Market||0.1||0.0 %||Jul 17|
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