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

Publication Date: June 08, 2012
Electronic Access: Free Full text (PDF file size is 1,457KB).
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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
Subject(s): Article IV consultation reports | Economic growth | Economic indicators | Economic recovery | Extended arrangement requests | Risk management

Publication Date: June 08, 2012
ISBN/ISSN: 9781475504149/1934-7685 Format: Paper
Stock No: 1MKDEA2012001 Pages: 57
US$18.00 (Academic Rate:
US$18.00 )
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