Republic of North Macedonia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of North Macedonia

February 16, 2022

Preview Citation

Format: Chicago

Republic of North Macedonia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of North Macedonia, (USA: International Monetary Fund, 2022) accessed November 21, 2024

Summary

The economy is rebounding. After a 6 percent drop in 2020, real GDP is projected to grow at 4 percent both in 2021 and 2022, reflecting improved mobility, a return of the diaspora, and continued policy support. With uncertainty remaining high, including about the course of the pandemic, policies need to be kept flexible. Emphasis should be on limiting the economic scars from the pandemic crisis while making progress on long-standing reform priorities such as further strengthening public financial management and revenue administration and buttressing the financial safety net.

Subject: COVID-19, Health, Inflation, International organization, Labor, Minimum wages, Monetary policy, Prices, Public financial management (PFM), Revenue administration

Keywords: COVID-19, Europe, Global, Inflation, Minimum wage increase, Minimum wages, Policy support, Productivity development, Staff appraisal, Staff project

Publication Details

Pages:

74
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2022/047
Stock No:

1MKDEA2022002
ISBN:

9798400202797
ISSN:

1934-7685

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