EBRD raises Macedonia's 2011 growth forecast to 3.2%.

By bne IntelliNews January 25, 2011
In its latest quarterly economic report, the EBRD forecasts real GDP growth of 3.2% in Macedonia this year, up from 2.3% projected in October. The bank said that Macedonia is among the countries benefiting from global demand for key metal commodities. The EBRD also noted that the country has received an IMF Precautionary Credit Line. The institution has not changed its estimate of the GDP growth for 2010, which is 0.8%. The EBRD forecasts the growth in Q4 2010 at 1.8% y/y. Intellinews comment: The revised EBRD projection comes close to the official GDP growth forecast of 3.5% for this year. On the other hand, earlier this month Dun & Bradstreet said that it forecasts growth of 2% this year. Another relatively low projection is that by the European Commission, which said in November that it expects GDP growth of 2.2% in 2011. We tend to agree with the higher forecasts, but also with the EBRDs remark that downside risks have increased. Such risks include, among others, sooner than expected monetary tightening in advanced countries, as well as stronger increase in global risk aversion than the one seen so far.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Macedonias 2013 tobacco crop expected to exceed 30,000 tonnes.

Macedonias tobacco crop is expected to increase by 20% to over 30,000 tonnes in 2013, Utrinski vesnik daily reported quoting Danco Mileski, president of the countrys tobacco association. The ... more

Macedonia cancels tender for gas distribution network feasibility study.

The transport ministry has cancelled the tender for preparing a feasibility study for developing the countrys natural gas distribution network, build.mk portal reported. Reportedly, two bids were ... more

Komercijalna Banka wins Global Finance award Best Bank in Macedonia for 2013.

Large-sized commercial bank Komercijalna Banka announced that it has won the award Best Bank in Macedonia for 2013 by the magazine Global Finance. The Macedonian bank wins the award for a 10th ... more

Most Read

  1. ISTANBUL BLOG: Commerzbank ignites quarrel claiming Turkey’s official growth figures are “more than questionable”
    8 days ago
  2. Volkswagen doubles exports of Russia-made cars
    5 days ago
  3. KYIV BLOG: Ukraine headed for a constitutional crisis
    7 days ago
  4. Eastern Europe on alert as Russia targets “West” in largest war games for years
    6 days ago
  5. Romania’s media sector in turmoil
    8 days ago
  1. Hungary threatens to block Romania’s OECD accession
    14 days ago
  2. ISTANBUL BLOG: Commerzbank ignites quarrel claiming Turkey’s official growth figures are “more than questionable”
    8 days ago
  3. Economists tangle over risk of a Greek-style collapse in Turkey
    18 days ago
  4. Wild capitalism threatens the untamed rivers of Southeast Europe
    1 month ago
  5. Russia’s government moves from war budget to election budget
    26 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss