wiiw Forecast Reports

NORTH MACEDONIA: Perfect storm brewing


Branimir Jovanović

in: Bracing for the Winter
wiiw Forecast Report No. Autumn 2022, October 2022 , pp. 117-120

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Inflation is out of control and is eating into real incomes. Soaring global electricity prices are taking an additional toll, as some big industrial plants may be forced to close over the winter. Monetary and fiscal policies are becoming more and more restrictive, further crippling the economy. On top of that comes a possible recession in Germany, which takes half of all Macedonian exports.


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

Countries covered: North Macedonia