NBRM: Stagnating economic activity risks 2.5-percent growth projection


Stagnating economic activity in the first quarter of 2017 creates downward risks for the 2.5-percent GDP growth projection, says the National Bank of the Republic of Macedonia (NBRM).
The bank's operational monetary policy committee says exports and personal consumption are on the rise, while investments also provided positive impulse.

"However, in conditions of stronger export pressure, the general economic activity was stagnating, despite the expectations for economic growth in this period", the NBRM said in a press release.
The committee concluded that the existing economic and financial circumstances, as well as the existing risks, show that the current monetary setup is appropriate.

"NBRM continues to monitor all economic indicators and developments in the national economy, with future changes in the monetary policy to be largely dependent on trends in the domestic economy and the external sector", reads the press release.

Comments

Most Read

Academics Take Issue With Prespa Agreement - Letter to the Editor

Protest in Greece over name agreement with Macedonia

Cannabis oil available in pharmacies across Macedonia without prescription

Schalke fans welcomes Greek team with Macedonian Flags

Macedonia to allow payments over PayPal

Evergreens

City of Skopje subsidizes pellet heating

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

More than 30000 Macedonians in Sydney

Macedonia Marks 10 Years of Tose Proeski's Death

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