Former Yugoslav Republic of Macedonia : Staff Report for the 2011 Article IV Consultation.

Author/Editor:

International Monetary Fund

Publication Date:

June 8, 2012

Electronic Access:

Free Full Text (PDF file size is 1457 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2011 Article IV Consultation highlights that Macedonia is poised to achieve low but positive growth under the baseline scenario of a shallow recession in the euro area. Under a downside scenario, growth would be weaker, and external financing pressures could arise. In the near term, the government would need to reduce expenditure growth to meet the 2012 deficit target. A key longer-term challenge would be to reconcile the competing objectives of higher public investment and increases in pensions and public wages while preserving low public debt and low taxes.

Series:

Country Report No. 12/133

English

Publication Date:

June 8, 2012

ISBN/ISSN:

9781475504149/1934-7685

Stock No:

1MKDEA2012001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

57

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