World Bank projects a 3,5% economic growth in FYROM

World Bank projects a 3,5% economic growth in FYROM

Skopje, 12 June 2015/Independent Balkan News Agency

By Naser Pajaziti

Based on the latest projects of the World Bank (WB) during 2016, FYROM’s economy will see a growth from 3,5% to 3,8%, while in 2017, it will grow by 4%.

According to the latest report “Global economic perspective”, FYROM’s economy has a larger growth than the countries of the region.

The report says that in the recent years, FYR Macedonia showed a better economic performance than neighboring countries, thanks to direct foreign investments in free economic zones and stimulations from the state.

“The increased public debt will restrict possibilities of supporting economic growth through taxes and all the banking systems in the region, including Macedonia, remain affected due to the possible negative effect of the crisis in Greek banks, who have shares in the banks operating in the countries of the region”, says the WB report.

The report also stresses that in all the countries of the region, including FYROM, low fuel prices contributed for a drop in inflation and improvement of current account deficit, which affects the relaxation of monetary policy. /ibna/