Republic of North Macedonia: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of North Macedonia

International Monetary Fund

No 2022/047, IMF Staff Country Reports from International Monetary Fund

Abstract: The economy is rebounding. After a 6 percent drop in 2020, real GDP is projected to grow at 4 percent both in 2021 and 2022, reflecting improved mobility, a return of the diaspora, and continued policy support. With uncertainty remaining high, including about the course of the pandemic, policies need to be kept flexible. Emphasis should be on limiting the economic scars from the pandemic crisis while making progress on long-standing reform priorities such as further strengthening public financial management and revenue administration and buttressing the financial safety net.

Keywords: minimum wage increase; staff appraisal; productivity development; staff project; policy support; COVID-19; Minimum wages; Inflation; Global; Europe (search for similar items in EconPapers)
Pages: 74
Date: 2022-02-16
New Economics Papers: this item is included in nep-mac
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