Macedonia: Downside risks
(by Vladimir Gligorov)
in: New Divide(s) in Europe?, wiiw Current Analyses and Forecasts No. 9, March 2012, pp. 91-93
Growth prospects in Macedonia are still somewhere around 2% this year with some acceleration next year and beyond. The main driver is private investment which should recover due to relatively low private debt. The main risk is the possible contagion effect from the Greek crisis. There are still slim prospects for the start of negotiations with the EU.