Unemployment rate in Macedonia could again rise over 20 percent

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The proposed measures of VMRO-DPMNE largely coincide with those of the business community that is trying to overcome this difficult period, keep jobs and keep companies alive in the imposed period of hibernation. With every day that goes by it is more and more apparent that the assistance for the badly affected industries should have applied to March and that the subsidies offered to support private sector salaries were insufficient, especially considering that companies are required to pay taxes on it. This all means that for many companies will be driven to fire workers and possibly even close their businesses – says Trajko Slaveski, full-time professor at the Faculty of Economics at Ss. Cyril and Methodius University in Skopje and former Minister of Finance.

The professor, who is a member of VMRO-DPMNE’s Executive Committee, sees the GDP drop for 2020 at between 3 and 4 percent in the best case scenario, and up to 5 or even 7 percent in the worst scenario, while the unemployment rate which was painstakingly reduced below 20 percent, can go above this barrier again.

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