Macedonian governor says economy is stagnant

dimitar-bogov

Dimitar Bogov, the governor of the National Bank of the Republic of Macedonia, believes the country's economy has stagnated in 2012, and has revised the central bank's 2012 growth forecast down from 1% to 0%.

Bogov outlined the central bank's macroeconomic projections for the next two years in a presentation delivered on November 1. He said the country's economy will remain below its potential throughout 2013, as a result of low foreign demand. However, Bogov believes exports will experience

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