Macroeconomic Forecast Macedonia

According to Macedonia's Employment Services Agency on Sept, the number of unemployed fell to 303,906 in August, representing a 1.0% decline in month-on-month terms. The latest data available indicate that the rate of unemployment amongst the working age population (15-64 years) was 31.2% in Q111 and we expect it to be largely unchanged at year-end, forecasting a 31.1% rate.

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