Content type

Investment To Continue Driving Growth In North Macedonia

Country Risk / Macedonia / Wed 08 Feb, 2023

Key View

  • We at Fitch Solutions forecast North Macedonia to record real GDP growth of 2.3% y-o-y in 2023, marking a marginal slowdown from estimated growth of 2.6% in 2022.
  • Growth will be supported by investments in public infrastructure and manufacturing.
  • Consumer spending will be constrained by a combination of double-digit inflation
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North Macedonian Growth Headwinds Mount Amid Record Inflation

Country Risk / Macedonia / Mon 25 Jul, 2022

Key View

  • We at Fitch Solutions continue to expect that North Macedonia will record growth of 2.3% in 2022, following growth of 4.1% in 2021.
  • We have revised down our forecast for growth in 2023 from 3.4% to 2.7% to reflect the deteriorating outlook for German demand, in addition to our expectation that high inflation will persist.
  • Rising
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French Proposal Could Accelerate Balkan EU Accession

Country Risk / Macedonia / Wed 06 Jul, 2022

Key View

  • We at Fitch Solutions do not expect protests against the French proposal to unlock Bulgaria’s veto on North Macedonia’s EU accession bid to undermine progress on a compromise agreement.
  • We anticipate that North Macedonia’s parliament will accept the proposal to amend the constitution as lawmakers continue to express their support
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North Macedonia's Economic Recovery To Continue Into 2022

Country Risk / Macedonia / Tue 12 Oct, 2021

Key View

  • We at Fitch Solutions forecast North Macedonia’s economy to grow 3.9% and 4.0% in 2021 and 2022 respectively, having contracted 4.5% in 2020.
  • Domestic demand will remain on a strong footing in the near term as the retail recovery continues, however we expect a larger drag from net exports over the coming quarters.
  • That said
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Covid-19 Takes Centre Stage In North Macedonia's Politics

Country Risk / Macedonia / Mon 04 May, 2020

Key View

  • North Macedonia’s long-awaited green light to start EU membership talks and its NATO membership have been overshadowed by the Covid-19 pandemic, which has overwhelmed the country’s health care system as well as its finances.
  • With early elections postponed to a later date, we expect the handling of the crisis will take centre stage
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