For the first time since 2009, the Macedonian economy was in 2012 back in recession, contracting by 0.3 percent. The recently published Q4 2012 growth numbers confirmed the weaker than expected growth outcome for 2012 and prompted the National Bank of the Republic of Macedonia (NBRM) to revise their 2013 growth outlook down from 2.6 to 2.2 percent. The World Bank growth outlook remains at 1 percent for this year. Weak growth during 2012 was driven...
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DETAILS
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2013/03/29
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Working Paper
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108502
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1
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1
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2016/09/26
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Disclosed
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Macedonia, former Yugoslav Republic of - Monthly economic developments
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Macedonia, former Yugoslav Republic of - Monthly economic developments (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/719171474880214894