admin1 – May 8, 2015 – 2:03pm

The National Bank of the Republic of Macedonia (NBRM) has retained its projections that the Macedonian economy this year is going to grow 4.1 percent. The most serious threat to this projection is the ongoing political crisis. Governor Dimitar Bogov cautioned that the prolongation of the crisis could affect investments, the main driving force of growth.

“Investors are very sensitive to uncertainty. They need certainty and stability. The prolongation of the political situation or its escalation may have negative effects. If that happens, there is the risk of projections moving downward,” Bogov said.

According to Governor Bogov, when there is economic growth, however uneven the distribution, the benefits will eventually be felt by more or less everyone. According to the projections of the National Bank of Macedonia, the inflation rate in 2015 will be 0.5 percent, the balance on the payment account moderate and the credit growth rate at the standard level of between 9 and 10 percent.