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2019/05/14 / Erste Group Research

NORTH MACEDONIA: Political risks subside

Greek parliament approved Macedonia’s name change, ending 28-year dispute, thus significantly boosting economic sentiment. We forecast acceleration of economic growth in medium term, largely driven by private consumption and restarted investment activity.

Fiscal buffers are limited due to relatively high gross financing needs in mid-term. Inflation expected to remain stable over forecasted period and monetary policy seems appropriately accommodative.

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General information

AuthorErste Group Research
Product nameCEE Country Macro Outlook
Topic in focusFX, Macro/ Fixed income
Economy in focus-
Currency in focus-
Sector in focus-


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