Former Yugoslav Republic of Macedonia : 2015 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for Former Yugoslav Republic of Macedonia

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

September 3, 2015

Electronic Access:

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Summary:

This 2015 Article IV Consultation highlights that the economic recovery of Former Yugoslav Republic of Macedonia has strengthened. Real GDP growth accelerated to 3.8 percent in 2014, from 2.7 percent in 2013. Strong growth was attributed to double-digit growth in investment driven by activities in the Technological Industrial Development Zones and public infrastructure, as well as strong private consumption supported by robust credit growth and improving labor market conditions. GDP growth in 2015 is expected to moderate to 3.2 percent, with significant downside risks. A derailment of recent political agreement could negatively impact economic sentiment and growth.

Series:

Country Report No. 15/242

Subject:

English

Publication Date:

September 3, 2015

ISBN/ISSN:

9781513544663/1934-7685

Stock No:

1MKDEA2015002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

66

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