Early elections to stagnate the economy?

Early elections to stagnate the economy?

Early parliamentary elections scheduled for April 12 next year should not have any impact on the economy, according to Deputy Prime Minister for Economic Affairs Kocho Angjushev.

“You know that the economy may stagnate, where government decisions are needed somewhere, but it is already a small part of the economy, because I think we have shifted the economy to the real sector for the most part”, Angjushev said today.

He stressed that the economy must be sustainable through the real sector, investments, because they depend neither on elections nor on government decisions, but on economic flows.

Due to early parliamentary elections, the economy will be frozen for the first six months of next year, businessmen say.

“The campaigns of the political parties have already begun. And with the announcement of early elections, companies have already begun to look at all the projects they have planned for next year. And with the anticipation of the formation of a new government, all that was planned for the first six months of next year will definitely be at a standstill. I do not believe that we will achieve 3.5% growth even though the National Bank gave optimistic forecasts”, says Daniela Arsovska of the Macedonian Chambers of Commerce.

The National Bank has also estimated that the economy will not remain immune to early parliamentary elections. According to their analysis, growth will reach 3.8% of GDP, but estimates this will happen after next year’s budget./ibna