wiiw Forecast Reports

MACEDONIA: Growth versus stability


Vladimir Gligorov

in: On Thin Ice: CESEE Core Resilient in the Face of EU Stagnation and the Ukraine Crisis
wiiw Forecast Report No. Autumn 2014, November 2014 , pp. 89-90

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Macedonia continues to do better than most other Balkan countries. It does so by riding on the back of the country’s public investment and export performance. This should continue over the medium term. Political risks are increasing owing to the current government having been so long in office. Moreover, the fact that EU integration has stalled hardly helps. The Russian connection does not play much of a role; hence, the current tensions are mainly inconsequential.


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

Countries covered: North Macedonia, SEE