IMF lowers Macedonia 2017 GDP forecast to 3.2%


The International Monetary Fund (IMF) has lowered its projection for Macedonia's 2017 economic growth to a real 3.2%, from 3.5% forecast in October 2016, according to the latest edition of the global lender's World Economic Outlook (WEO) report.

Macedonia's economic growth will speed up to 3.4% in 2018 and will reach 3.8% in 2022, the IMF predicted in the April edition of its WEO report published on Tuesday.

The country posted economic growth of 2.4% last year, the IMF said

The Fund also said it expects Macedonia to swing to 0.6% average annual inflation in 2017, from 0.2% deflation in 2016. Inflation is projected at 1.7% in 2018 and 2.0% in 2022.
Macedonia's current account deficit is projected at 1.8% of GDP in 2017, and is expected to increase to 2.0% in 2018 and 3.0% in 2022, the IMF said.

The World Bank recently also lowered its projection for Macedonia's 2017 real GDP growth, to 2.8%, citing persisting political instability in the country. The bank expects Macedonia's GDP growth rate to rise to 3.3% in 2018.

Comments

Most Read

May: Agreement with Greece opens doors to EU and NATO for Macedonia

Zaev: We should not miss the historic chance

Germany believes that Macedonia deserves recognition from the entire EU

Macedonian Parliament ratifying Agreement with Greece

Dimitrov: The deal is not ideal, but it must fulfill the most important interests of both parties

Evergreens

City of Skopje subsidizes pellet heating

Macedonia Marks 10 Years of Tose Proeski's Death

New evidence: in the 70’s Greece had no problem with our country’s name Macedonia

More than 30000 Macedonians in Sydney

Czech Republic to keep assisting Macedonia in guarding of its southern border