IMF sees 3% GDP growth for Macedonia in 2011.

By bne IntelliNews May 12, 2011
In the latest edition of its Regional Economic Outlook for Europe, the IMF projects real GDP growth in Macedonia of 3% in 2011 and 3.7% in 2012, with the growth rates unchanged from the funds world economic outlook published last month. With regard to the forecast for this year, the IMF sees domestic demand as expanding by real 2.4%, exports as rising by real 18.7%, and private consumption as increasing by real 2.4%. The average CPI inflation is forecast at 5.2% this year and 2% in 2012. CPI inflation is seen at 7.5% y/y at end-2011. The CA deficit is projected at 4.2% of GDP in 2011 and 4.8% of GDP in 2012. The total external debt is seen at 57.3% of GDP this year. The IMF expects a general government deficit of 2.5% of GDP in 2011, with the public debt forecast at 26.8% of GDP this year.

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