Country Economic Forecasts - Macedonia Fyr
Public spending and an export boost from Russia lifted last year’s growth to 3.8%. The pace is expected to slow to 3.5% this year as export growth slows sharply, before picking up again slightly to an average of 3.7% a year in 2016-18. And with imports starting to outpace exports from 2016, investment and consumption will take over as the main drivers. State-led infrastructure projects and free economic zones are starting to attract more FDI, while a relatively strong banking sector can meet demand for more credit when this picks up in 2016. But risks remain on heavily on the downside, arising from possible breakdown of parliamentary cooperation as ruling and opposition parties trade spying and vote-rigging allegations. And continued standstill on EU accession talks ten years after receiving candidate status, plus growing economic cooperation with Russia, China and Turkey, means an increasing risk of retreat from the institutional reforms and privatisation pledged in pursuit of EU membership.
- : The following represents a general Table of Contents outline for the Country Economic Forecast. The actual report may cover any or all of the topics listed below. - Highlights and Key Issues - four/five paragraphs of analysis covering the main economic and political issues contained in the subsequent Economic Overview - Forecast Table showing % changes for the country - with 2 years of historical data and 4 years of forecast data for the following: - Domestic demand - Private consumption - Fixed investment - Stockbuilding (% of GDP) - Government consumption - Exports of goods and services - Imports of goods and services - Unemployment - Consumer prices - Current account balance (US$ and % of GDP) - Government budget (% of GDP) - Short-term interest rates (%) - Long-term interest rates (%) - Exchange rate (vs. US dollar) - Exchange rate (vs. euro) - Economic Overview - two pages of events-driven analysis highlighting the most recent economic activity and, where relevant, political developments of the country, detailing significant changes to Oxford Economics' forecasts - Charts and Tables - covering a full range of economic developments relevant to the time period covered. These could include such topics as: - Contributions to GDP growth - Monthly industrial output - Business and consumer confidence - Unemployment rate - Retail sales - Prices and earnings - Consumption and investment - Government balance and debt - GDP and industrial production - Monetary policy and bond yields - Background Information on the country - One or two pages of text covering the main historical political and economic factors that determine the country's current position - Key Facts on the country - Map of the country - Key political facts - Long-term economic and social development - changes since 1980 - Structure of GDP by output - latest year - Long-term sovereign credit ratings and outlook - Corruption perceptions index- latest year - Structural economic indicators - changes since 1990 - Destination of goods' exports -prior years - latest year - Composition of goods & services exports - latest year