Former Yugoslav Republic of Macedonia: Selected Issues

International Monetary Fund

No 2009/061, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper for the former Yugoslav Republic of Macedonia is examined. Real GDP growth accelerated to 5 percent in 2007 and 6 percent in the first half of 2008, from its historical average of about 3 percent. Increased investment, partly financed by FDI, is the main driver boosting domestic demand, as seen in the fast-growing import of investment and intermediate goods. Simultaneously, the current account deficit has widened substantially since 2007 and has become a major concern for macroeconomic stability.

Keywords: ISCR; CR; GDP; government; current account; deficit; price; production function; replacement ratio; FYR Macedonia; government policy; growth performance; government expenditure-to-GDP ratio; government operation; deficit target; government action; expenditure-to-GDP ratio; Real exchange rates; Electricity; Potential output; Public investment spending; Public investment and public-private partnerships (PPP); Eastern Europe; Global (search for similar items in EconPapers)
Pages: 39
Date: 2009-02-18
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Citations: View citations in EconPapers (1)

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