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Macedonia to Stimulate Economic Growth
Politics ♦
Published: September 24, 2012; 20:51 ♦ (Vindobona)
Due to the recession in the Eurozone, exports are shrinking. Next year, Macedonia will overcome the crisis, the local government says.
Macedonia to Stimulate Economic Growth / Picture: © Wikimedia Commons / By MacedonianBoy ([1]) [CC BY-SA 3.0]
At the moment, Macedonia is in recession. In the first quarter of 2012, the Macedonian economy shrank by 1.4%. In the second quarter, GDP was down by 0.9%.
Next year, the Balkan country expects a 2.5% growth rate. At the beginning of 2012, GDP growth was expected to come at 4.5%. According to Prime Minister Nikola Gruevski, the recession is mainly due to the crisis of the…
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