Showing 1 - 10 of 14
This Selected Issues paper focuses on challenges and policies regarding climate change in the Republic of North Macedonia. A scale-up of private and public investments, along with decommission of old and polluting coal-based power plants, is needed to adapt to climate change and meet emissions...
Persistent link: https://www.econbiz.de/10015058725
This paper discusses Republic of North Macedonia's 2023 Article IV Consultation and First Review under the Precautionary and Liquidity Line (PLL). The authorities are progressing toward PLL objectives, encompassing the safeguarding of public finances, reduction of energy subsidies, addressing...
Persistent link: https://www.econbiz.de/10015058726
KEY ISSUES Context. Growth continues to strengthen, although the recovery is not yet broad-based. External and fiscal vulnerabilities have risen: private non-debt creating capital flows have slowed, and could leave the reserve path increasingly driven by an accumulation of external public debt;...
Persistent link: https://www.econbiz.de/10014411155
Growth accelerated to 3.1 percent in 2013, driven by a positive net exports contribution. The broad policy direction is supportive of near term macroeconomic stability. The key challenge is to transition from stability into an acceleration of medium term growth. Uncertainty with respect to EU...
Persistent link: https://www.econbiz.de/10014411456
This Selected Issues paper on Former Yugoslav Republic (FYR) of Macedonia investigates the macroeconomic impact of remittances on long-run external sustainability and growth. The paper presents stylized facts pertaining to the characteristics of remittances in Macedonia, highlighting their...
Persistent link: https://www.econbiz.de/10014411467
North Macedonia's economy has been hit by two large external shocks. While recovering from the pandemic, the outlook deteriorated again following Russia's invasion of Ukraine and sharply rising energy and food prices. Given high dependence on energy imports, the external financing need has...
Persistent link: https://www.econbiz.de/10015059948
Conservative policies, together with external official assistance, provided Macedonia with buffers to confront spillovers from the global crisis and deal with domestic shocks. External and financial stability have been maintained despite a difficult external environment. The start of EU...
Persistent link: https://www.econbiz.de/10014395140
The Macedonian labor market exhibits a high unemployment rate, yet does not demonstrate obvious and large enough constraints on the demand or supply side. Considerable achievements can be made by maintaining macroeconomic stability, attracting FDI, and closing the educational gaps. The second...
Persistent link: https://www.econbiz.de/10014395141
The Slovak economy continued to grow in 2023, with a large fiscal expansion and the easing of pandemic-era supply chain disruptions offsetting headwinds from soaring food and energy prices. Inflation has declined from comparatively elevated levels in 2022 and early 2023 but remains among the...
Persistent link: https://www.econbiz.de/10015058590
latter complementing the strong export sector that has made Slovakia one of Europe’s more dynamic economies. Reducing still … well as a sound banking system limit vulnerabilities, but Slovakia’s fortunes remain closely tied to external developments …, especially in the euro area, and there are risks from regional tensions since Russia provides much of Slovakia’s energy and is a …
Persistent link: https://www.econbiz.de/10014411529