Fiscal Balance in North Macedonia
North Macedonia - Fiscal BalanceEconomic growth appears to have maintained momentum in the fourth quarter on the heels of the third quarter’s acceleration. Private consumption was likely upbeat in Q4, given rising net wages in November, and as reflected by robust retail sales growth in the quarter. Meanwhile, business confidence edged higher in Q4, boosted by an improved assessment of the current economic situation. This should have translated into stronger investment in the final quarter of the year and possibly at the start of 2020 too. On the downside, industrial production faltered again in December, dragged down by declining energy supply and manufacturing output. On the political front, in early January Parliament approved a caretaker government, after Prime Minister Zoran Zaev resigned, ahead of the parliamentary elections in April.
North Macedonia - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-4.2||-3.5||-2.7||-2.7||-1.8|
5 years of economic forecasts for more than 30 economic indicators.
Source: Ministry of Finance
North Macedonia Facts
|Exchange Rate||54.86||-0.56 %||Jan 01|
|Stock Market||0.1||0.0 %||Jan 07|
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