IMF Staff Country Reports

Former Yugoslav Republic of Macedonia: Selected Issues

February 18, 2009

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Former Yugoslav Republic of Macedonia: Selected Issues, (USA: International Monetary Fund, 2009) accessed November 23, 2024

Summary

This Selected Issues paper for the former Yugoslav Republic of Macedonia is examined. Real GDP growth accelerated to 5 percent in 2007 and 6 percent in the first half of 2008, from its historical average of about 3 percent. Increased investment, partly financed by FDI, is the main driver boosting domestic demand, as seen in the fast-growing import of investment and intermediate goods. Simultaneously, the current account deficit has widened substantially since 2007 and has become a major concern for macroeconomic stability.

Subject: Commodities, Electricity, Expenditure, Foreign exchange, Potential output, Production, Public investment and public-private partnerships (PPP), Public investment spending, Real exchange rates

Keywords: CR, Current account, Deficit, Deficit target, Eastern Europe, Electricity, Expenditure-to-GDP ratio, FYR Macedonia, GDP, Global, Government, Government action, Government expenditure-to-GDP ratio, Government operation, Government policy, Growth performance, ISCR, Potential output, Price, Production function, Public investment and public-private partnerships (PPP), Public investment spending, Real exchange rates, Replacement ratio

Publication Details

  • Pages:

    39

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2009/061

  • Stock No:

    1MKDEA2009002

  • ISBN:

    9781451952711

  • ISSN:

    1934-7685