Ukraine's birth rate plummets to 300-year low as country’s population collapses
17 hours ago
The National Bank of North Macedonia has kept its projection for the GDP growth in 2021 at 3.9%, following a 4.5% contraction in 2020, it said on May 11.
The growth is expected to be driven by domestic consumption while a negative contribution is expected from net exports.
In the medium term, the central bank expects a further recovery of North Macedonia's economy, with growth rates of 3.9% and 4% in 2022 and 2023, respectively, it said in a statement.
Such a growth dynamic means that the country’s economy would return to the pre-crisis level during 2022, just like in the central bank's October projections.
Annual inflation is seen staying moderate in the medium term
“For 2021 we are making a moderate upward revision from 1.5% to 2.2%, taking into account the more pronounced upward corrections in the prices of primary products on world stock exchanges, primarily oil and food prices,” the central bank said.
For 2022 and 2023, the central bank kept the inflation projection at an annual 2%.
After the country's current account deficit widened last year to 3.5% of GDP, due to the more pronounced decline in private transfers, the current account gap is expected to narrow in medium term to an average of 2.1% of GDP, which is close to the pre-crisis level, according to the central bank.
Related Content
Data
Ukraine's birth rate plummets to 300-year low as country’s population collapses
Ukraine’s population collapsed to 29mn souls last year, according to Ukraine Business News, with just 187,000 births recorded (including in Russian-occupied territories). This is the lowest annual figure in recorded history over the last 300 years.
Russia’s $13.4bn current account surplus in March second highest since 2007
Russia posted a $13.4bn current account surplus in March, more than double February’s $5.5bn and the second highest level for a March since 2007.
Automotive sector output in Hungary edges up 1.6% y/y in February
Headline industrial output rose 1.8% in February, increasing for the first month in about a year.
_1713174351.png)
Slovak inflation eased further to 2.3% in March
Prices in the alcohol and tobacco sector increased by 19% y/y, including the 9.1% spike in tobacco prices as a result of the new consumption tax.
Polish inflation eases further to 2% y/y in March
The inflation rate landed within the National Bank of Poland’s target of 1.5%-3.5% for a second successive month
Most Read
-
Russia’s war economy boosted by rising oil prices
2 days ago
-
Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
1 day ago
-
Russia’s $13.4bn current account surplus in March second highest since 2007
1 day ago
-
Russian peacekeeping forces reportedly leaving Nagorno-Karabakh
1 day ago
-
Russia's finance ministry re-engineers tax system
1 day ago
-
Iran vs Israel: Who is better equipped for war?
4 days ago
-
Saudi Arabia to scale back plans for Neom city
8 days ago
-
BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
4 days ago
-
Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
5 months ago
-
PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
5 days ago
-
Russia could pay off its entire external debt tomorrow, in cash
18 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
23 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
UBN: Russia could take the Baltic states in 48 hours
28 days ago
-
BRICS announce a blockchain-based payment system to create a common currency
21 days ago