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2018/05/16 / Erste Group Research

MK Macro Outlook, Macedonia: After stagnation in 2017, we expect acceleration of economic activity

In 2018 we expect acceleration of economic activity towards 3% y/y, supported by a rebound of investments and stable consumption profile. The current account is expected to remain at acceptable levels, as the potential deterioration of the trade balance should be covered by stronger performance of remittances and services. The NBRM is expected to maintain its accommodative stance, while fiscal metrics will be strongly determined by economic performance.

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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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