Macedonian central bank cuts GDP growth forecast

13 November 2015

Macedonia’s central bank (NBRM) lowered its GDP growth forecast for 2015 from 4.1 percent to 3.2 percent, citing an unstable domestic economy and a decrease in metal exports.

“Exports and investments will primarily contribute to the newly-­projected growth, but also household consumption,” NBRM officials said Thursday. Growth projections for 2016 and 2017 remain at 3.5 percent and 4 percent respectively.

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