wiiw Forecast Reports
MACEDONIA: Growth versus stability
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Macedonia continues to do better than most other Balkan countries. It does so by riding on the back of the country’s public investment and export performance. This should continue over the medium term. Political risks are increasing owing to the current government having been so long in office. Moreover, the fact that EU integration has stalled hardly helps. The Russian connection does not play much of a role; hence, the current tensions are mainly inconsequential.
Countries covered: Macedonia, SEE