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Country Economic Forecasts > Macedonia Fyr

  • April 2017
  • -
  • Oxford Economics
  • -
  • 8 pages

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Although growth slowed to 2.4% in 2016, as the longstanding centre-right coalition collapsed, and will remain subdued until a new coalition is confirmed later this year, reviving exports and improving investment conditions are set to lift growth to just over 3% this year and about 3.5% a year in 2018-19. Cost advantages can sustain growth of exports to the EU despite the blockage of membership talks, and relatively relaxed monetary conditions will allow a gradual reduction in the fiscal deficit as growth picks up.

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