Macedonia Economic Outlook
March 5, 2019Economic momentum should have gained ground in Q4 2018. Tourist arrivals continued to increase at a solid pace in December. Likewise, upbeat retail sales in December and throughout the quarter suggest private consumption should have made solid gains in the quarter. Moreover, the average quarterly growth of industrial production surpassed that of Q3, while construction activity recovered in Q4. In political news, with the dispute with Greece finally in the rear-view mirror, the country hopes to open accession talks with the EU this year. However, it will need to make meaningful progress on reforms to accelerate the process.
Macedonia Economic GrowthEconomic growth is set to accelerate in 2019 as investment recovers and household spending picks up. Moreover, EU-accession talks should boost investor confidence and attract more FDI. Sluggish growth in the Euro-area could dampen domestic growth prospects, however. FocusEconomics panelists expect GDP to expand 2.9% in 2019, unchanged from last month’s forecast, and 3.1% in 2020
Macedonia Economy Data
5 years of Macedonia economic forecasts for more than 30 economic indicators.
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|Exchange Rate||54.75||-0.56 %||Mar 11|
|Stock Market||0.1||0.0 %||Nov 26|
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