Credit ratings agency Fitch has affirmed Macedonia’s BB+ rating with stable outlook, sending a clear signal of trust in the country’s economic policies, said the Macedonian Ministry of Finance on Thursday.
Despite the challenges of the external environment, Fitch Ratings expects the Macedonian economy to continue with steady growth of 3% in 2026 and further accelerate to 3.4% in 2027, which positions the country on a sustainable growth path.
In its latest report, Fitch notes that credible and consistent macroeconomic policies, a long-standing fixed exchange rate policy, and favorable governance indicators relative to countries with similar ratings remain key factors supporting stability. In addition, commitment to the EU accession process is assessed as an important reform anchor in the medium term.
Real economic growth accelerated to 3.5% in 2025, driven by domestic demand and investment, which went up by 8%.
Despite the challenges from the external environment, Fitch expects the economy to continue with a steady growth of 3% in 2026 and to further accelerate to 3.4% in 2027, which positions the country on a sustainable growth path.
Fiscal policy remains carefully set and responsible. The budget deficit is maintained at the planned level of 4% of GDP in 2025, with a clear trajectory of its gradual reduction to 3.4% by 2027.
