The economic performance of the Macedonian economy is expressed through stable GDP growth of around 5%, low inflation rate of 2-3% on average, fiscal discipline confirmed by the international financial institutions and a well-functioning coordination between fiscal and monetary policy. Macedonia’s currency (Denar) has been pegged initially to the Dutsche Mark and now to the Euro.
Source: State Statistical Office of the Republic of Macedonia, National Bank of the Republic of Macedonia
Considering the global financial crisis and its far-reaching effects, Macedonia saw a minimal drop in GDP compared to other CEE countries.
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