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Tag: recession

Economy 25.10.22 | 10:18

VMRO-DPMNE: According to the World Bank, Macedonia is expecting a recession, SDS is dragging Macedonia into bankruptcy

According to the World Bank, Macedonia is expecting a recession, SDSM is dragging Macedonia into bankruptcy, and every year the debt exceeds the growth by more than 100 million euros, says VMRO-DPMNE. The party points out that according to the World Bank, Macedonia has the highest inflation so far, but...

Economy 08.12.20 | 09:19

The pandemic will have long-lasting effects on economy, NBRM projects a drop of 4.9 % for this year, Government maintains projection of 4.4 % drop

The Macedonian economy dropped by 3.3 percent in the third quarter, as a result of the pandemic, which contributed to the National Bank revising its April projection from -3.5% to -4.9%. The recession for this year is expected, and the authorities expect recovery next year. According to the estimated...

Economy 22.10.20 | 14:02

World Bank: Macedonia is coping with its deepest recession ever

Macedonia is coping with its deepest recession in two decades affecting all sectors of the economy and economic activity is forecast to decline by 4.1 percent in 2020, according to the World Bank’s latest Regular Economic Report . The reason for this situation, as the World Bank, says, is the COVID-19...