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Latest in Macedonia (the former Yugoslav Republic of)

CEE Quarterly: Weathering geopolitical and economic shocks

We forecast a technical recession throughout CEE over the winter due to falling purchasing power and foreign demand, tighter financial conditions and lower fiscal spending. A rebound is likely from 2H23 onwards if the eurozone economy recovers as wel...
UniCredit Elia
Elia Lattuga @ UniCredit 10 January 2023

North Macedonia: Central bank raises benchmark interest rate by 0.75bps to 4.25%

CB raises interest rate on overnight deposits, overnight loans, seven-day deposits by 0.70pps each. CB sells MKD 8.96bn of its 28-day bills at Nov 16 auction, demand below MKD 10bn target. Central bank says latest interest rate hike reflects accelera...
EmergingMarketWatch Metodi
Metodi Tzanov @ EmergingMarketWatch 17 November 2022
North Macedonia: Central bank raises benchmark interest rate by 0.75bps to 4.25%
North Macedonia: Central bank raises benchmark interest rate by 0.75bps to 4.25%

CEE Quarterly - Turmoil in Europe: The impact of the Russia-Ukraine conflict on CEE (2Q22)

Russia’s invasion of Ukraine could be a watershed moment for Europe’s political and economic landscape. Comprehensive sanctions could affect CEE’s trade with Russia and also domestic sectors in which Russian investment is important, such as ene...
UniCredit Elia
Elia Lattuga @ UniCredit 30 March 2022

CEE Quarterly - Recovery amid supply-chain and (geo)political risks (1Q22)

We expect the economies in EU-CEE 1) and in the Western Balkans to grow by around 4.0% in 2022 and by 4.4% in 2023, slowing from 5.1% in 2021. Pent-up consumer demand is expected to drive the recovery in 1H22, while capex and exports could be underpi...
UniCredit Elia
Elia Lattuga @ UniCredit 12 January 2022

North Macedonia: PM-designate Kovacevski submits cabinet line-up to parliamentary speaker

Cabinet to include 12 members from SDSM, six ministers from DUI, three from Alternativa. Finance Minister Besimi, Economy Minister Bekteshi from DUI to remain at their posts. Justice Minister Maricic to become deputy PM for European affairs in new ca...
EmergingMarketWatch Research
Research Team @ EmergingMarketWatch 11 January 2022

CEE Quarterly - Time for policy normalization (4Q21)

We expect economies in EU-CEE and in the Western Balkans, to grow by around 6% in 2021 and 4.6% in 2022. Turkey’s economy could grow by 9.7% in 2021 and 5.5% in 2022. In Russia, GDP growth could slow from 4% in 2021 to 2.4% in 2022. Before the end....
UniCredit Elia
Elia Lattuga @ UniCredit 28 September 2021