World Bank predicts Macedonia’s economic growth to be 2.5 percent in 2023

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The World Bank predicts growth of 2.5 percent in Macedonia this year, 2.7 percent in Bulgaria, 2.8 percent in Bosnia and Herzegovina, 2.5 percent in Croatia and 3.2 percent in Montenegro, according to the latest autumn report on economic perspectives in the region of Europe and Central Asia. The highest growth among neighboring countries is predicted for Romania – 3.7 percent.

“The World Bank predicts that growth in Europe and Central Asia will remain weaker than the long-term average before the pandemic. The estimate for the economic growth of this macro-region increased in October to 2.4 percent, from 1.4 percent in June. In it, a growth of 2.5 percent is estimated for the Western Balkans this year, and later acceleration to 3.3 percent in 2024 and 2025. This is a slight downward revision of 0.1 percentage point from the June projection,” reports Denar.mk.

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