MACEDONIA OFFICIALLY OUT OF RECESSION
Data from the State Statistical Office showing that Macedonia concluded 2009 with a slight GDP drop of 0,7% and with a 1,2% growth of economic activity in the final quarter of 2009 indicate that the country is officially out of recession, Vice PM and Finance Minister Zoran Stavreski stated.
"These results combined with reduction of unemployment show that Macedonia has generally managed to overcome the crisis with only minor consequences. The third best economic result in Europe, measured according to GDP, has been achieved and negative consequences on the market of workforce have been prevented," Stavreski told a press conference in the Government attended by ministers of the economic team.
According to him, the result confirmed that economic policies carried out prior to the crisis and the packages of anti-crisis measures conducted in 2009 had helped the Macedonian economy to tackle the crisis with minor consequences.
"We are assured that the 2009 achievements are very close to Government's projections of 0,6% GDP drop with the achieved one of 0,7%. We believe that this enables strong credibility for Government's policies and projections for the period to come when it is expected Macedonia's economy to make a positive 2% growth for this year," said Staverski, expressing assurance that a growth as high as 4% would be made in 2012 as well.