{
  "title": "Unleashing Potential: Structural Reforms for Boosting Long-Term Growth",
  "publication": "Selected Issues Papers, June 22, 2026",
  "sourceUrl": "https://www.imf.org/en/publications/selected-issues-papers/issues/2026/06/22/unleashing-potential-structural-reforms-for-boosting-long-term-growth-577127",
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  "summary": "This paper assesses North Macedonia’s long-term growth prospects and the potential output gains from structural reforms. Potential growth is estimated at 2.6–2.",
  "sections": [
    {
      "heading": "Estimates of potential growth and output gap",
      "content": "- Potential growth is estimated at 2.6–2.9 percent in 2025 using univariate filters and semi-structural models estimated with a Kalman filter.\n- Results point to a small positive output gap."
    },
    {
      "heading": "Benchmarking: gaps versus EU and U.S. frontiers",
      "content": "- Benchmarking highlights sizable gaps in:\n  - labor market outcomes\n  - the business environment\n  - governance"
    },
    {
      "heading": "Simulation results: potential GDP gains from closing gaps",
      "content": "- Simulations suggest that closing half of the gap relative to CESEE peers could raise GDP by about 14 percent over five years."
    },
    {
      "heading": "Reform priorities and implementation considerations",
      "content": "- The paper discusses reform priorities to support faster income convergence, focusing on:\n  - labor market reforms to improve outcomes\n  - measures to improve the business environment\n  - governance reforms to close institutional gaps\n- Implementation considerations are discussed to facilitate effective adoption of structural reforms."
    },
    {
      "heading": "Publication and metadata",
      "content": "- Authors: Adina Popescu, Chan Kim, Simona Kovachevska Stefanova, Ming Ma, Rimtautas Bartkus\n- Publication date: June 22, 2026\n- Pages: 29\n- Series: Selected Issues Paper No. 2026/048\n- DOI: https://doi.org/10.5089/9798229049016.018\n- ISBN: 9798229049016\n- ISSN: 2958-7875\n\nSource: \"Unleashing Potential: Structural Reforms for Boosting Long-Term Growth\", Selected Issues Papers (2026).\n\n---\n\n Content in this bundle\n\n- Sipea2026048\n  - Sipea2026048 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Sipea2026048 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/selected-issues-papers/issues/2026/06/22/unleashing-potential-structural-reforms-for-boosting-long-term-growth-577127"
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    "Authors: Adina Popescu, Chan Kim, Simona Kovachevska Stefanova, Ming Ma, Rimtautas Bartkus",
    "Published: June 22, 2026",
    "Series: Selected Issues Papers",
    "DOI: https://doi.org/10.5089/9798229049016.018",
    "Potential growth is estimated at 2.6–2.9 percent in 2025 using univariate filters and semi-structural models estimated with a Kalman filter.",
    "Results point to a small positive output gap.",
    "Benchmarking highlights sizable gaps in:",
    "Simulations suggest that closing half of the gap relative to CESEE peers could raise GDP by about 14 percent over five years.",
    "The paper discusses reform priorities to support faster income convergence, focusing on:",
    "Implementation considerations are discussed to facilitate effective adoption of structural reforms.",
    "Authors: Adina Popescu, Chan Kim, Simona Kovachevska Stefanova, Ming Ma, Rimtautas Bartkus",
    "Publication date: June 22, 2026",
    "Pages: 29",
    "Series: Selected Issues Paper No. 2026/048",
    "DOI: https://doi.org/10.5089/9798229049016.018",
    "ISBN: 9798229049016",
    "ISSN: 2958-7875",
    "**Sipea2026048**"
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