wiiw Forecast Reports

MACEDONIA: Democratisation is not costless

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Vladimir Gligorov

in: CESEE Back on Track to Convergence
wiiw Forecast Report No. Autumn 2017, November 2017 , pp. 93-95

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This year’s disappointing growth of at most 2% is due to the prolonged political
crisis. Medium-term prospects have improved, though they are dependent on
the political ability of the new government. Assuming that stability is
preserved, next year should see growth of 3%, which should edge up towards
3.5% in the medium run, driven mostly by investment, both private and public.

 

Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Macedonia


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