Macedonia forecasts 3.5% GDP growth in 2011.

By bne IntelliNews February 18, 2011
Macedonias finance ministry forecast a GDP growth of 3.5% in 2011, 4.5% in 2012 and 5.5% in 2013, the ministrys EU pre-accession programme said. The annual inflation is projected to range from 2% to 3% through 2013. The government will contain prices through a sound monetary policy and a stable exchange rate, the Macedonian Radio and Television quoted deputy PM Zoran Stavreski as saying. The unemployment rate is expected to decline to 27.6% over the next three years. Regarding foreign trade, exports are seen to grow by 7.2%-8.4% and imports - by 6%-7.8% annually in the period 2011-2013. The foreign debt will not exceed 25% of GDP.

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