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Monday, 08 March 2010
Growth of foreign demand is a good sign for the Macedonian economy, states the latest report of Dun&Bradstreet for March. The rating of Macedonia remains at BD4b, which stands for a moderate risk.
The report states that the current account deficit represents the highest risk for the stability of the economy.
The deficit is very high considering the fact that Macedonia has a fixed currency rate of exchange, which decreases the flexibility of the economy and the ability to adapt to external shock, such as decrease in demand and orders.
Growth of foreign demand is a good sign for the Macedonian economy, states the latest report of Dun&Bradstreet for March. The rating of Macedonia remains at BD4b, which stands for a moderate risk.
The report states that the current account deficit represents the highest risk for the stability of the economy.
The deficit is very high considering the fact that Macedonia has a fixed currency rate of exchange, which decreases the flexibility of the economy and the ability to adapt to external shock, such as decrease in demand and orders.
