National Bank: Inflation at 9.5% in 2023, economy to stand at 1.9%

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Economic growth is to stand at 1.9% and inflation rate at 9.5% at the end of the year, National Bank Governor Anita AngelovskaBezhoska said at Thursday’s presentation of the quarterly report with the central bank’s autumn macroeconomic projections.

The National Bank forecasts growth of 3% and inflation of 3.5% to 4%, and in the medium term outlook, economic growth is expected to stand at 4% and inflation at 2% in 2025 and 2026.

The latest credit market forecasts in the banking sector are unchanged compared to the April projections, that is, the estimates of a slowdown in credit growth in 2023 and a gradual acceleration of growth in the next three-year period are maintained.

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