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World Bank affirms N. Macedonia's 2024 GDP growth f'cast at 2.5%

Jun 12, 2024, 9:48:51 AMArticle by Dragana Petrushevska
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June 12 (SeeNews) - North Macedonia's economic growth is expected to accelerate to 2.5% in 2024 from the estimated 1% last year, the World Bank said, keeping its January projection unchanged.

World Bank affirms N. Macedonia's 2024 GDP growth f'cast at 2.5%

In 2025, the country's economy is projected to expand by 2.9%, the World Bank said on Tuesday in the June edition of its Global Economic Prospects report.

The Western Balkans' economies are seen expanding by 3.2% in 2024, following an estimated 2.5% regional economic growth in 2023.

"The global economy is expected to stabilize for the first time in three years in 2024—but at a level that is weak by recent historical standards," the global lender said.

Global growth is projected to hold steady at 2.6% in 2024 before edging up to an average of 2.7% in 2025-26, which is well below the 3.1% average in the decade before the COVID-19 pandemic, the report reads.

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