The World Bank projects FYROM’s economy to grow by 1.5% this year. This is a significant downgrade of expectations, because in the first half of the year, the World Bank projected FYROM’s economy to grow by 2.8%.
“The recent report says that after the political crisis was overcome, the biggest threat that economy faces relates to the fiscal situation. This is a threat to stability and damages the perspective for medium term growth”, the bank says.
The World Bank is also expecting the situation to go back to normality and its projection for 2018 is 3.2%, while in 2019, growth is expected to be 3.9%. Growth will be mainly driven by expenses and investments in the public and private sectors. /balkaneu.com/