“Their projections are optimistic, and we estimate that the recession could be deeper, given that we have a decline in GDP in the second quarter of -12.7%. We have a low level of realization of capital investments below 40%. “Economic activity has generally declined and expectations are that the decline in GDP could be even greater,” said Drilon Iseni, the Executive Director of the Chamber of Commerce of Northwest Macedonia.

The full statement can be found at the following link:

https://www.24.mk/details/ekonomistite-so-ocenka-za-rebalansot