Macedonia's central bank revises down 2012, 2013 GDP growth projection.

By bne IntelliNews August 2, 2012
Macedonias central bank said that this years real GDP growth will be around 1%, down from 2% expected in April. Growth is expected to accelerate to about 3% in 2013, a slightly lower forecast than 3.7% projected in April. The monetary authority comments that the expected path of the foreign demand for Macedonian products continues to be a decrease in 2012 and a moderate increase in 2013, but in the latest projection the drop this year is deeper and the growth next year is weaker. The institution also expects domestic demand to strengthen next year on the back of the announced foreign investments as well as the public investments. The central bank also expects average inflation of about 2.2% both in 2012 and 2013. Loan growth is seen at 8% this year and 10% next year. The monetary authority also projects CA deficits of 2.9% of GDP in 2012 and 3% of GDP in 2013.

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

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