SKOPJE (Macedonia), November 7 (SeeNews) – Macedonia's central bank, NBRM, raised on Thursday its projection for the country's economic growth to 3.3% in 2013 and 3.7% in 2014 from 2.2% and 3.0%, respectively, projected earlier.
In 2015 the county’s gross domestic product (GDP) is expected to grow by 4.4%, NBRM said in a statement on its website.
The central bank pointed to exports and foreign investments as expected economic growth drivers.
In the second quarter of 2013, Macedonia's economy expanded by a real 3.9% on the year, according to an estimate by the country's statistics office. In 2012 it contracted by 0.2%.
NBRM projects that the country's average annual inflation will slow down to 2.8% in 2013, 2.3% in 2014 and 2.0% in 2015.
In 2012 the country's average inflation stood at 3.3%.
Macedonia’s consumer price index (CPI) rose by 1.3% on the year in October, according to data of the State Statistics Office.