World Bank:Unemployment drops and economy grows in FYROM

World Bank:Unemployment drops and economy grows in FYROM

Skopje, 20 June 2016/Independent Balkan News Agency

The World Bank says that in the former Yugoslav Republic of Macedonia, there’s a drop of unemployment and an increase of economic growth.

The optimistic figures by the World Bank come at a time when many analysts suggests that the political crisis in Skopje has seriously slowed down economic growth.

But the reports show the contrary.

According to this international institution, FYROM is expected to see a 3,7% economic growth during 2016, this marking the highest growth rate in the Balkans.

The World Bank forecast for 2017 and 2018 is even more optimistic. The World Bank suggests that economic growth for the next two years will be no less than four percent.

The World Bank also has optimistic forecasts about unemployment. It says that for years the unemployment rate has been 30%, while next year it will go down to 24,5%. /