wiiw Current Analyses and Forecasts

Macedonia: Stagnating on


Vladimir Gligorov

in: Animal Spirits still Dimmed: Slow Recovery Expected
wiiw Current Analyses and Forecasts No. 12, July 2013 , pp. 107

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In the short run, some recovery can be expected in Macedonia due to some pick-up in investments, public and private, and the continuing positive contribution of net exports. In the medium run growth should speed up a bit on the assumption that both the EU and the local markets will improve. Additional fiscal consolidation is not contemplated, though fiscal stimulus is not to be expected either. The policy-makers will continue to take care of internal stability and wait for the tide, when and if it comes, to lift their boat too.


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

Countries covered: North Macedonia, SEE