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Tag: contraction
Macedonia Economy 16.10.20 | 19:18

IMF predicts a 5.4 percent contraction, one percent greater than what Zaev estimated

A new report from the International Monetary Fund estimates that the Macedonian economy will decline by 5.4 percent in 2020. This flies in the face of the comments made by Prime Minister Zoran Zaev, that the contraction will amount to 4.4 percent. In April, before the extent of the pandemic was fully...

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