wiiw Forecast Reports

NORTH MACEDONIA: COVID-19 lethargy

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Branimir Jovanović

in: Recovery Beating Expectations
wiiw Forecast Report No. Autumn 2021, October 2021 , pp. 89-93

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Weak government support, deep-seated structural problems and global issues in the automotive sector all combined to slow economic recovery in North Macedonia in the first half of 2021. We are downgrading our forecast for GDP growth in 2021 from 4.1% to 3.5%. Developments in the years to follow will depend on whether the government starts to undertake structural reforms and invests in green and digital transformation.

 

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

Countries covered: North Macedonia


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