Former Yugoslav Republic of Macedonia: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Former Yugoslav Republic of Macedonia

November 22, 2017

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Former Yugoslav Republic of Macedonia: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Former Yugoslav Republic of Macedonia, (USA: International Monetary Fund, 2017) accessed November 20, 2024

Summary

This 2017 Article IV Consultation highlights slower growth in the former Yugoslav Republic of Macedonia following a solid economic recovery since the global financial crisis. Growth slowed to 2.4 percent in 2016 and contracted by 0.9 percent in the first half of 2017. Economic activity has been supported by private consumption and exports, while negative effects from prolonged political instability have restrained investment and slowed down corporate credit growth. Inflation has gradually picked up, after staying negative during the past few years. Public debt is projected to rise to 47 percent of GDP in 2017. Currently, the government is in the process of preparing the draft economic program.

Subject: Banking, Credit, Employment, Income, Labor, Minimum wages, Money, National accounts, Public debt

Keywords: Authorities' determination, Commitment of the authorities, CR, Credit, Deficit, Developments warrant, Economic condition, Employment, Europe, Financial condition, FYR Macedonia, Global, Government, Income, ISCR, Minimum wages, State debt

Publication Details

Pages:

75
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/354
Stock No:

1MKDEA2017001
ISBN:

9781484330043
ISSN:

1934-7685

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