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Macedonia economic outlook Q1 2014

Macedonia economic outlook Q1 2014

Report summary

The Former Yugoslav Republic of Macedonia (hereafter Macedonia) is a small open economy that grew by an average of 3.2% per annum, in terms of GDP, over 2000-08. However, the economy remains far behind core European nations in terms of economic development. Stabilisation in the Eurozone has boosted export demand and we expect this to be a key driver of growth in 2014. Wood Mackenzie forecasts GDP to accelerate to 3.0% in 2014 from 2.5% last year. 

What's included?

This report includes 1 file(s)

  • Macedonia economic outlook Q1 2014 PDF - 257.53 KB 2 Pages, 1 Tables, 0 Figures


This Economic Outlook presents our macroeconomic outlook to 2035 at the country level.

Specifically we assess the structure of the economy and present the GDP and industrial production outlook.

The long-term outlook is underpinned by a set of GDP models which take account of long-term structural drivers of GDP including demographics, investment and productivity growth.

Finally, we highlight the key risks facing our outlook, both upside and downside.

Wood Mackenzie's macroeconomic forecasts underpin all our commodity demand analysis, ensuring we continually deliver an integrated and consistent view.

  • Executive summary
  • Economic outlook

In this report there is 1 table or chart, including:

  • Executive summary
    • Economic indicators
  • Economic outlook
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