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IMF sees Macedonia’s economy growing reasonably wel

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During the presentation of its fall economic forecast, International Monetary Fund representative Victor Krzyzanowski said that the Macedonian economy is growing reasonably well.

MIA correspondent in Brussels reports that the IMF forecast sees Macedonia growing at a rate of 3,2 percent of gross domestic product in 2015 and 2016, while the growth for 2014 is calculated at 3,8 percent.

“These growth rates are relatively lower compared to our forecast made six months ago, down by half a percentage point, but it is still a solid growth rate”, Krzyzanowski told MIA.

The reason for the downward projection is that Macedonian growth is mainly led by exports and foreign direct investments, which are lower compared to six months ago. Still, according to the IMF representative, this is one of the few positive economic examples in the region.

“Macedonia is currently growing reasonably well. Even though we don’t have a program with Macedonia at the moment, the IMF dedication to Macedonia remains at the level of observation, and at discussions about the economic policies of the country twice a year”, Krzyzanowski added.