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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Macedonia 2025 projects: GDP growth between 1 – 3% in q2 2019 Based on the available early warning indicators and high frequency data, we project moderate economic slowdown in North Macedonia in the second quarter of 2019. These projections are based on following economic developments in q2 2019: Industry: Industrial production grew moderately by only…
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Gross domestic product: The economy continued its recent trend of consistent growth with real GDP growth of 3.1 per cent YoY for Q2 2019 (graph 1). Graph 1: Real GDP growth, quarterly data In production terms, Wholesale and Retail Trade made the largest contribution to growth (1.49 percentage points), growing 7.5 percent YoY (graph 2).…
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2019 Q1 continued the recent trend in upward growth (4.1 per cent YoY), pushing up the annual-average growth to 3.4 per cent (graph 1). In production terms, all sectors except IT and Communication and Finance and Insurance made positive contributions. Wholesale and Retail Trade made the biggest contribution (1.3 percentage points), followed by Agriculture (0.65…
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