European Parliament Library

Former Yugoslav Republic of Macedonia :, Staff Report for the 2011 Article IV Consultation

This 2011 Article IV Consultation highlights that Macedonia is poised to achieve low but positive growth under the baseline scenario of a shallow recession in the euro area. Under a downside scenario, growth would be weaker, and external financing pressures could arise. In the near term, the government would need to reduce expenditure growth to meet the 2012 deficit target. A key longer-term challenge would be to reconcile the competing objectives of higher public investment and increases in pensions and public wages while preserving low public debt and low taxes
Table Of Contents
Cover; CONTENTS; CONTEXT; RECENT DEVELOPMENTS, PROSPECTS, AND RISKS; A. Growth and Inflation; B. External sector; BOXES; 1. Greenfield FDI in Macedonia; C. Fiscal Policy; D. Monetary and Financial Policies; E. Financial sector; F. Medium-term outlook, risks, and data quality; 2. Macedonia's Response to Past Policy Advice from the Fund; 3. Competitiveness and Growth in Macedonia; POLICY DISCUSSIONS; A. Fiscal Policy and Financing; 4. Debt Market Development in Macedonia; B. Monetary Policy and International Reserves; C. Financial Sector; D. Risks; STAFF APPRAISAL; FIGURES
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (60 p.)
Specific Material Designation
Form Of Item

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