Former Yugoslav Republic of Macedonia: 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the former Yugoslav Republic of Macedonia
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Summary:
The staff report for the 2008 Article IV Consultation of the Former Yugoslav Republic of Macedonia discusses economic developments and policies. The new government’s economic program aims to raise growth further, but does not address these vulnerabilities. Plans to increase the central government deficit permanently to about 2 percent of GDP or perhaps even higher risk worsening external vulnerabilities. The main risk to growth and macroeconomic stability is the widening current account deficit.
Series:
Country Report No. 2009/060
Subject:
Balance of payments Credit Currencies Current account Current account deficits External debt Money
English
Publication Date:
February 18, 2009
ISBN/ISSN:
9781451826159/1934-7685
Stock No:
1MKDEA2009001
Pages:
68
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