Financing Pressures To Deepen Recession

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 be relatively mild by emerging European standards, and still believe that systemic crisis risks are comparatively low.

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