According to the latest forecasts of the International Monetary Fund (IMF) published at the beginning of April, Macedonia will have the lowest economic growth of 1.4% in 2023 compared to all countries in the region. Kosovo is expected to achieve more than double the growth (3.5%) as Montenegro (3.2%), Albania to have a growth of 2.3%, BiH of 2%, the same as Serbia. At the bottom of monetarists’ expectations is the Macedonian economy, which places it in the group of economies directly affected by the war in Ukraine. The Russian and Belarusian economies are estimated to grow by 0.7% in 2023, Hungary is expected to grow by 0.5%, Poland by 0.3%, while Ukraine will see a GDP decline of 3%.
“The unsuccessful economic policies of this Government have placed the Macedonian economy in a state of war. An unsuccessful fight against high inflation has anchored forecasts for domestic inflation in 2023 at a high level of 9.2%, higher than expected inflation Albania and Kosovo (5% and 5.5%), BiH at 6%, Russia and Belarus (7 % and 7.5%),” said VMRO-DPMNE in a press release on Friday.