wiiw Current Analyses and Forecasts
Macedonia: The Greek shadow
in: Fasting or Feasting? Europe - Old and New - at the Crossroads
wiiw Current Analyses and Forecasts No. 10, July 2012 , pp. 98-100
The short-term prospects point to some growth in Macedonia that should pick up speed over the next few years, unless the crisis in Greece deteriorates to such an extent that the Greeks will be forced to leave the eurozone. In the medium term, Macedonia should enjoy some measure of recovery, but the country’s potential growth rate will hardly exceed 3% given the institutional and regional fundamentals.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Macedonia, SEE