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Republic of North Macedonia: 2025 Article IV Consultation-Press Release; and Staff Report

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  • International Monetary Fund

Abstract

As the economy recovers from the energy crisis, growth is gaining momentum, but inflation is rising again. A weak European outlook is dampening exports and private investment. Meanwhile, buffers are being eroded as public debt continues to rise with increases in wages and pensions. Emigration poses a significant challenge to the medium-term economic outlook, while slow progress on structural reforms continues to hinder convergence with EU income levels.

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  • International Monetary Fund, 2025. "Republic of North Macedonia: 2025 Article IV Consultation-Press Release; and Staff Report," IMF Staff Country Reports 2025/101, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2025/101
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