Market Research Logo

Macedonia Country Risk Report Q3 2018

Macedonia Country Risk Report Q3 2018

Macedonia's government will remain in a vulnerable position, count-ing only on a thin parliamentary majority, with risks to its stability stemming from ethnic issues and an obstructive opposition.

Commitment to meeting the EU accession criteria will remain in place, although lingering ethnic and geopolitical tensions and macroeco-nomic challenges will continue to provide headwinds to achieving full membership in the medium term.

EU convergence efforts will keep Macedonian fiscal policy on a sustainable path. This, coupled with the currency peg to the euro will allow the country's sovereign risk profile to remain broadly stable over our forecast period.


Executive Summary
Core Views
Key Risks
Chapter 1: Economic Outlook
SWOT Analysis
BMI Economic Risk Index
Economic Growth Outlook
Broader Political Stability To Support Recovery
GDP By Expenditure Outlook
TABLE: GDP GROWTH FORECASTS
TABLE: PRIVATE CONSUMPTION FORECASTS
TABLE: GOVERNMENT CONSUMPTION FORECASTS
TABLE: FIXED INVESTMENT FORECASTS
TABLE: NET EXPORTS FORECASTS
Outlook On External Position
TABLE: CAPITAL & FINANCIAL ACCOUNT BALANCE
TABLE: CURRENT ACCOUNT BALANCE FORECASTS
TABLE: TOP 5 GOODS EXPORTS IN 2015
TABLE: TOP 5 GOODS IMPORTS IN 2015
Structural Fiscal Position
TABLE: FISCAL POLICY
TABLE: MAIN REVENUE AND EXPENDITURE CATEGORIES (2015)
Chapter 2: 10-Year Forecast
The Macedonian Economy To 2027
Robust Growth Will Moderate Over The Next 10 Years
TABLE: LONG-TERM MACROECONOMIC FORECASTS
Chapter 3: Political Outlook
SWOT Analysis
BMI Political Risk Index
Domestic Politics
Name Settlement Risks Delays
Long-Term Political Outlook
Unresolved Name Dispute And Ethnic Tensions Pose Long-Term Risks
Chapter 4: Operational Risk
Developed States
TABLE: LABOUR MARKET RISK INDEX
TABLE: LOGISTICS RISK INDEX
TABLE: CRIME AND SECURITY RISK INDEX
TABLE: TRADE AND INVESTMENT RISK INDEX
Chapter 5: BMI Global Macro Outlook
Key Divergences Emerging In World Economy
TABLE: GLOBAL MACROECONOMIC FORECASTS
TABLE: DEVELOPED STATES – REAL GDP GROWTH, % y-o-y
TABLE: EMERGING MARKETS – REAL GDP GROWTH, % y-o-y
TABLE: MACEDONIA – MACROECONOMIC DATA & FORECASTS

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report