Several years after the introduction of the Country Dashboard, in 2020 we conducted an audit process to make it even more relevant in the current global and domestic economic and social context, as well as in line with the desired future of the country (mainly accession to the EU). The revision consisted of two main…
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Macedonia2025 forecast: The decline in GDP in Q3 2020 will be between 4.5% and 6.5% According to the latest high-frequency indicators and available data so far, we predict a reduction in Gross Domestic Product from 4.5% to 6.5%, as a result of the incomplete recovery of the economy from the consequences of the COVID-19 crisis…
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Several years after the introduction of the Country Dashboard, in 2020 we conducted an audit process to make it even more relevant in the current global and domestic economic and social context, as well as in line with the desired future of the country (mainly accession to the EU). The revision consisted of two main…
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Macedonia 2025 forecast: The decline in GDP in Q2 2020 will be between 12% and 14% According to the latest high frequency indicators and available data, we predict the highest decline in the Gross Domestic Product since 1990, as a result of the health and economic crisis. The projection is due to the following economic…
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The Macedonian economy achieved modest results in Q1 2020, with a GDP growth of 0.2%. Although a deceleration of economic growth was expected, this result is lower than the projections and expectations, including the projections of Macedonia2025. High-frequency data such as trade, construction, foreign trade data, etc., for the months of January-March indicated a higher…
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Macedonia 2025 forecast: GDP growth in Q1 2020 will be between 2.0% and 4.0% According to the latest high frequency indicators and available data, moderate deceleration of the economic growth is expected in Q1 2020, compared to the previous quarter. The projection is due to the following economic developments in Q1 2020: Production side: Industrial…
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1. Gross domestic product: GDP growth in 2019Q4 was relatively high at 3.4 percent YoY, contributing to the 3.6 percent annual growth for the year (graph 1). Graph 1: Real GDP growth, quarterly data Source: State Statistical Office of Macedonia In production terms, all economic sectors had a positive contribution for the quarter except manufacturing…
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Macedonia2025 projects: GDP Growth between 1,0% and 3,0% in Q4 2019 Based on the available early warning indicators and high frequency data, we expect moderate slowdown in economic growth in the fourth quarter of 2019. The projection is due to the following economic developments in the fourth quarter of 2019: Production side: Industry: Industrial production…
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Macedonia 2025 forecast: GDP growth in Q3 2019 will be between 2.5% and 4.5% According to the latest high frequency indicators and available data, moderate acceleration of economic growth is expected in Q3 2019, compared to the previous quarter. The projection is due to the following economic developments in Q3 2019: Production side: Industry: Industrial…
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Gross domestic product: Thе third quarter saw another positive result (3.6 per cent YoY) continuing the trend of strong growth so far this year (graph 1). In production terms, all sectors had a positive contribution except manufacturing which decreased slightly. The biggest contributor was wholesale and retail trade (0.9 percentage points) which grew 4.9 percent…
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