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Former Yugoslav Republic of Macedonia: Selected Issues

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  • 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.

Suggested Citation

  • International Monetary Fund, 2009. "Former Yugoslav Republic of Macedonia: Selected Issues," IMF Staff Country Reports 2009/061, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2009/061
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=22717
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    References listed on IDEAS

    as
    1. Jesmin Rahman, 2008. "Current Account Developments in New Member States of the European Union: Equilibrium, Excess, and EU-Phoria," IMF Working Papers 2008/092, International Monetary Fund.
    2. Mr. Martin Petri & Tahsin Saadi Sedik, 2006. "To Smooth or Not to Smooth—The Impact of Grants and Remittances on the Equilibrium Real Exchange Rate in Jordan," IMF Working Papers 2006/257, International Monetary Fund.
    3. Bogoev, Jane & Bojceva Terzijan, Sultanija & Égert, Balázs & Petrovska, Magdalena, 2008. "Real Exchange Rate Dynamics in Macedonia: Old Wisdoms and New Insights," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 2, pages 1-19.
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    Cited by:

    1. Alexander F. Tieman, 2011. "The Electricity Sector in FYR Macedonia," IMF Working Papers 2011/030, International Monetary Fund.

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