Former Yugoslav Republic of Macedonia: Staff Report for the 2001 Article IV Consultation
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Summary:
This 2001 Article IV Consultation highlights that after three consecutive years of generally favorable performance, the economy of the Former Yugoslav Republic of Macedonia (FYRM) suffered a setback in 2001 because of a six-month security crisis. Output declined markedly and new outlays on security operations and weak revenues contributed to a large expansionary fiscal swing. Owing to a deterioration of the external current account position, the foreign exchange loss was heavy. However, the impact on reserves was cushioned by sizable privatization inflows in early 2001.
Series:
Country Report No. 2002/047
Subject:
Banking Expenditure External debt Foreign exchange Imports International trade Revenue administration
English
Publication Date:
March 8, 2002
ISBN/ISSN:
9781451826005/1934-7685
Stock No:
1MKDEA0012002
Pages:
54
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