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EBRD: Macedonian economy to rise by 1.3 percent in 2012

25. May 2012. | 07:49

Source: MIA

The latest projection by the European Bank for Reconstruction and Development (EBRD) says that the Macedonian economy will rise by 1.3 percent in 2012.

The latest projection by the European Bank for Reconstruction and Development (EBRD) says that the Macedonian economy will rise by 1.3 percent in 2012.

"Macedonia experienced a surprisingly strong growth in the first half of 2011, spurred by high exports and FDI, but growth slowed down substantially in the second half of the year and the beginning of 2012 due to unfavorable developments in the eurozone. The weak external environment will continue to negatively impact the economy of Macedonia this year - GDP growth is forecast to decline from 3 percent in 2011 to 1.3 percent in 2012. However, the country still has access to both official sources of funding and to international capital markets", reads the EBRD report.

Among regional states, Macedonia will register the highest growth. Projection for Albania, Bulgaria and Romania is 1.2 percent, 0.4 percent for Bosnia&Herzegovina and Montenegro, and 0.1 percent for Serbia.

According to latest projections, the Macedonian economy will rise by 2.6 percent in 2013. The same forecast is given for Romania and Serbia, 2.5 percent in Bulgaria, 1.8 percent in Albania, 1.6 percent in Montenegro, and 0.6 percent in Bosnia&Herzegovina


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