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Economy / Macedonia

Oil vs Disinflation

May 2012 | Economic Analysis

Our core view on inflation trends in Macedonia remains in place. Weakening economic activity will keep local price pressures subdued, but high international oil prices will prevent a significant weakening of price pressures in 2012. We retain our forecast for average inflation of 2.4% in 2012, rising to 3.1% in 2013 as economic growth recovers

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