ROMANIA
Fiscal consolidation stalls as post-COVID-19 cyclical tailwinds dissipate
Fiscal rebalancing is set to regain pace in 2024, with the budget deficit unlikely to fall below the 3.0% of GDP mark earlier than in 2026
The NBR is set to remain cautiously tight until late mid-2024, when inflation is projected to fall below the current level of the policy rate
NORTH MACEDONIA
Slowing private consumption curtailed further (already weak) GDP growth in Q2:23, as elevated inflation and high interest rates weighed on households’ purchasing power
The economy should continue to expand sluggishly in the short-term, underpinned by solid growth in fixed investment
APPENDIX:
DETAILED MACROECONOMIC DATA
REGIONAL SNAPSHOT: MACROECONOMIC INDICATORS & FINANCIAL MARKETS