wiiw Forecast Reports

NORTH MACEDONIA: Healing COVID-19 Wounds

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Branimir Jovanovic

in: Darkest before the dawn?
wiiw Forecast Report No. Spring 2021, April 2021 , pp. 102-105

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After a large initial decline, North Macedonia’s economy improved in the second half of 2020, ending the year with a minus of 4.5%. The improvement came as a result of government fiscal support. 2021 will be a year when the damage created by the pandemic will be slowly repaired, with real GDP growing by 4.1%. The pre-crisis level of activity will be reached at the beginning of 2022, and then, when ground zero is reached after two lost years, old structural challenges will come to the fore.

 

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

Countries covered: North Macedonia


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