wiiw Forecast Reports

NORTH MACEDONIA: Too fragile for so many shocks


Branimir Jovanović

in: Overshadowed by War and Sanctions
wiiw Forecast Report No. Spring 2022, April 2022 , pp. 95-98

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The country has not yet recovered from the pandemic shock, and now the energy crisis and the war in Ukraine are rubbing salt into its wounds. The economic prospects appear gloomy, with weak growth and elevated inflation. We are revising our GDP projection for 2022 downwards, to 2.5% (from 3.5%); meanwhile, we expect inflation to be higher, at around 8% (from 3.5%).


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

Countries covered: North Macedonia