Geopolitical shocks to affect N. Macedonia's GDP growth - World Bank

October 25 (SeeNews) - The ongoing war in Ukraine, the energy crisis and the high level of public debt are expected to slow North Macedonia's economic growth over the medium term, the World Bank said.

North Macedonia's projected GDP growth for 2022 has been lowered to 2.1% as the domestic economy continues to be hampered by the energy crisis and the situation in Ukraine, the World Bank said in a statement on Monday after releasing its latest Western Balkans Regular Economic Report.

"The government’s policy support to the energy vulnerable is an important step in the right direction, but measures need to be targeted and timebound to minimize fiscal risks," Massimiliano Paolucci, World Bank Country Manager for North Macedonia and Kosovo said in the statement.