The new analysis of British organization Jubilee Debt Campaign (Jubilee Debt Campaign) shows that Macedonia ranks among the countries with high indebtedness.
According to the report, these highly indebted countries are in a dangerous area because of the debt. That would mean that, during an economic downturn or unexpected jump in interest rates, in the long run, economic disaster might occur.
The report indicates that too much debt can make the country’s economy vulnerable to certain market changes.
Low interest rates make governments, companies and consumers to a new excessive borrowing that would be a potential problem in the future.
According to the latest report of the National Bank (NBRM), the gross external debt was 6.1 billion euros, or 68.68 per cent of gross domestic product (GDP).
