North Macedonia’s Finance Minister: Projected growth this year 4.1 %, but only if the COVID-19 crisis subdues


This year, the budgetary policy and the policies directed towards economic recovery and rapid growth will be redesigned – SmartER Growth Policies and returning to the pre-crisis trajectory, with a growth in the second half of 2022. The main goal is to accelerate the economic growth by 2.6% as it was by average annually in the previous 10 years, to around 5% in average in the next 5 years, and at the same time a fiscal consolidation to be reached so that a sustainable and inclusive growth may be secured.

These are some of the issues that were stressed by the North Macedonia’s Finance Minister Fatmir Besimi at the Forum for Central and Eastern Europe that is organized by the Euromoney and is one of the leading traditional events in the domain of finance.

“This year we are expecting a recovery of investment activities, the spending, and the net foreign demand, and a growth of 4.1% has been projected. This scenario is planning a weakening of the health crisis and gradual improvement of the epidemiological picture, a higher use of production and service capacities, more favorable effects from the economic measures including an increased trust among the spenders and the investors,” said Besimi.

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