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National Bank of Macedonia expects for GDP growth to continue in Q2

04. July 2011. | 10:29

Source: MIA

 The latest macroeconomic trends point to maintenance of the positive GDP dynamics in the second quarter of this year, the Council of Macedonia's National Bank (NBRM) concluded at its session on Thursday.

 The latest macroeconomic trends point to maintenance of the positive GDP dynamics in the second quarter of this year, the Council of Macedonia's National Bank (NBRM) concluded at its session on Thursday.

In the first quarter of 2011, the gross domestic product registered real annual growth of 5.1%, which corresponds to the NBRM projections. The main growth generators are the export and the investments.

From the aspect of the sectors participating in the creation of GDP, the intensified activity in industry, trade and construction had the largest contribution to the economic growth.

The favorable economic trends are proved also through the labor market data, which show annual increase in the number of employees (of 5.5%) and decrease in the number of unemployed persons (of 4.8%) in the first quarter of 2011.

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