Former Yugoslav Republic of Macedonia: 2015 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for Former Yugoslav Republic of Macedonia

September 3, 2015

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Former Yugoslav Republic of Macedonia: 2015 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for Former Yugoslav Republic of Macedonia, (USA: International Monetary Fund, 2015) accessed November 25, 2024

Summary

This 2015 Article IV Consultation highlights that the economic recovery of Former Yugoslav Republic of Macedonia has strengthened. Real GDP growth accelerated to 3.8 percent in 2014, from 2.7 percent in 2013. Strong growth was attributed to double-digit growth in investment driven by activities in the Technological Industrial Development Zones and public infrastructure, as well as strong private consumption supported by robust credit growth and improving labor market conditions. GDP growth in 2015 is expected to moderate to 3.2 percent, with significant downside risks. A derailment of recent political agreement could negatively impact economic sentiment and growth.

Subject: Banking, Credit, Economic and financial statistics, Exports, Government finance statistics, International trade, Money, Public debt, Revenue administration

Keywords: Caretaking government, CR, Credit, Eastern Europe, Europe, Exports, FDI inflow, FYR Macedonia, FYR Macedonia-Bank, Global, Government, Government finance statistics, Government policy, ISCR, Macedonian authorities, Southern Europe

Publication Details

Pages:

66
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/242
Stock No:

1MKDEA2015002
ISBN:

9781513544663
ISSN:

1934-7685

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