wiiw Forecast Reports

NORTH MACEDONIA: Lingering EU uncertainty inhibits potential growth

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Bernd Christoph Ströhm

in: Uncertainty in Turbulent Times
wiiw Forecast Report No. Spring 2020, March 2020 , pp. 119-122

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After a long period of stagnation and negative development, rising investments and a boost in consumption will ensure stable GDP growth for North Macedonia in the period 2020-2022 of about 3.3% p.a. The construction industry has started to expand and recorded solid growth rates in 2019. In addition, unemployment will fall to a historical low in 2020. Despite stable projections, North Macedonia still suffers from various socioeconomic issues. Moreover, the delay to the start of EU accession talks has dampened the country’s growth potential.

 

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

Countries covered: North Macedonia


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