Fiscal Balance in North Macedonia
North Macedonia - Fiscal BalanceThe economy gained traction in the first quarter. The acceleration was chiefly underpinned by robust investment, likely spurred by stronger credit growth and an improved business climate amid greater political stability. Conversely, household spending ebbed and public consumption nearly flatlined, while the external sector dragged slightly on growth. On the political front, in late June the European Council delayed opening accession talks with North Macedonia until October. The decision signaled that a green light in October is not guaranteed at a time when key EU members are resistant to EU enlargement. In brighter news, Fitch Ratings upgraded the country’s sovereign credit rating on 14 June from BB to BB+, citing sustained reforms and macroeconomic stability.
North Macedonia - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Source: Ministry of Finance
North Macedonia Facts
|Exchange Rate||54.66||-0.56 %||Jul 11|
|Stock Market||0.1||0.0 %||Jul 10|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.