Macroeconomic Forecast Data & Forecasts

According to the National Bank of the Republic of Macedonia, the current account deficit has dropped considerably in January this year to €31.79 million,compared to €116.56 in the same period of 2009. The improvement was mostly driven by development in the goods trade account, with exports increasing by 17.6% and imports falling by 13.2% y-o-y. With an estimated current account shortfall of 6.9% last year, we expect a further narrowing this year and hold to our forecast for a 4.8% shortfall in

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