wiiw Forecast Reports

MACEDONIA: Temporary slowdown

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Vladimir Gligorov

in: Cautious Upturn in CESEE: Haunted by the Spectre of Uncertainty
wiiw Forecast Report No. Spring 2017, March 2017 , pp. 93-95

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MACEDONIA
The economy is expected to return to growth of 3% in 2017 and the medium term. In 2016, growth slowed temporarily, due to the underperformance of investments. The labour market continued to improve, although the unemployment rate remains exceptionally high. Stability was more of a concern than growth, as the country headed towards an electoral resolution to the political crisis. Looking ahead, political stability could push potential growth closer to 4%.

 

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

Countries covered: Macedonia


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