Macedonia Economic Outlook
April 2, 2019The economy soared in the fourth quarter of 2018. Robust exports of goods and services benefitted from solid tourism in the quarter, while an acceleration in private consumption and a modest rebound in total investment more than offset weaker public spending. Turning to Q1 2019, available data suggests momentum could be ebbing. Tourism slowed in January, with arrivals and overnight stays falling in annual terms. Moreover, retail sales, although still strong, moderated slightly in January and February. On a brighter note, industrial production picked up in January and February thanks to stronger manufacturing output. In other news, on 13 March, S&P Global Ratings affirmed its BB- credit rating and stable outlook for the country.
Macedonia Economic GrowthEconomic prospects for 2019 remain favorable, with an expected recovery in investment and robust private consumption projected to keep growth solid. Moreover, progress on the EU-accession agenda should shore up FDI and business confidence. Nevertheless, a slowdown in the EU remains a principal risk to the outlook. Met the why particular panelists expect GDP to expand 3.0% in 2019, which is up 0.1 percentage points from last month’s forecast, and 3.1% in 2020.
Macedonia Economy Data
5 years of Macedonia economic forecasts for more than 30 economic indicators.
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|Exchange Rate||54.36||-0.56 %||Apr 12|
|Stock Market||0.1||0.0 %||Nov 26|
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