In conditions of uncertainty about the duration and intensity of the Russian-Ukrainian conflict, as well as the possible effects of sanctions imposed on the Russian Federation for energy markets, the outlook for growth of the Macedonian economy in 2022 is down, i.e. the previous projection of 4% becomes unrealistic in the new circumstances, says Finance Think and announces it will report of a new growth projection in June 2022.
Uncertainty in the economy intensified at the beginning of 2022, as a result of increasing pressures from food and energy prices globally. Price pressures and growth prospects have further deteriorated with the invasion of the Russian Federation by Ukraine on February 24, 2022, according to Finance Think in the Macroeconomic Monitor K4 2021 published Saturday.
The publication points out that in the fourth quarter of 2021 GDP in the country increased by 2.3 percent on an annual basis, which ended 2021 with GDP growth of 4 percent.
Related to this, it is added, exports (1.8 percent) stagnated, but gross investment (21.1 percent) recorded a significant recovery.