Analysis, data & forecasts on every country across the region

Economy / Macedonia

Macroeconomic Forecast Macedonia

August 2007 | Macroeconomic Forecasts

Macedonian money supply continues to expand rapidly with M4 growing by 17.6% thus far this year, to reach MKD160.2bn at the end of July. Indeed, as a result of the latest figures we have raised our end-year forecast for M4 to MKD175.0bn, a 28.4% increase, up from a 26.0% annual increase in 2006. In line with our expectations for the country's economic growth to begin accelerating in 2007, we have also raised our forecasts through our five-year forecast period, with M4 money supply now forecast to reach MKD245.4bn by 2011.

To read the full article, please choose one of the following options:

Subcribers please log in

Related Monitor Articles
Financing Pressures To Deepen Recession

Economy / Macedonia Macedonia is heading for a real GDP contraction of 2.5% in 2009, with risks weighted to the downside, and growth of only 1.2% in 2010. That said, we maintain our view that the country's recession will...
May 2009
Macroeconomic Forecast Macedonia

Economy / Macedonia Macedonian unemployment rose to 33.5% at end-Q408 from 33.0% at end-Q308, precisely hitting our end-2008 unemployment projection, which we set back in early September. While this high figure certainly...
May 2009
Deflation To Take Hold In 2009

Economy / Macedonia Macedonia is likely to experience a significant period of deflation in 2009, although we believe that consumer prices will return to positive growth of 0.3% y-o-y by end-year on the back of the low base...
April 2009
Ivanov To Progress

Economy / Macedonia Georgi Ivanov secured around 440,000 votes in the first round of the Macedonian presidential election held on March 22, approximately double the number secured by his nearest rival, Ljubomir Frckoski....
March 2009
Macroeconomic Forecast Macedonia

Economy / Macedonia The Macedonian central budget deficit is set to widen dramatically to 7.3% of GDP by end-2009, as a large fiscal stimulus package of infrastructure spending and tax breaks is accompanied by a contraction...
March 2009
South-East Europe MonitorSouth-East Europe Channels South-East Europe Countries


All material on this site is protected by international copyright laws and use of this site is subject to our Terms & Conditions.
© 2012 Business Monitor International Ltd
Site powered by WORKSsitebuilder CMS