The World Bank, in its latest Global Economic Prospects report confirms North Macedonia’s GDP growth forecast of 3.6% for 2021.
The Bank has revised its forecast for the global growth from 4.1 percent to 5.6 percent in 2021, the fastest post-recession recovery in the last 80 years, largely stemming from robust rebounds in a few economies in the aftermath of Covid-19.
Growth in the Western Balkans is expected to rebound to 4.4 percent in 2021. The growth in North Macedonia should be boosted by accelerating structural reforms in preparation for EU membership. The sub region is also expected to benefit from the EU’s recently adopted Economic and Investment Plan, which will mobilize funding to support competitiveness and inclusive growth, as well as the green and digital transition.