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Macedonia (Republic of) Mar 10 Product Image

Macedonia (Republic of) Mar 10

  • Published: March 2010
  • Standard & Poors

FEATURED COMPANIES

  • Macedonia (Republic of)
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Abstract
EU candidate status provides an anchor for reforms and political stability. Moderate government debt burden and fiscal deficit targets. Moderate, albeit rising external indebtedness. Persistent structural rigidities, notably high unemployment, which weigh on economic performance. Inflexible general government expenditure structure and inefficient social security system that pose a risk to fiscal prudence Vulnerable external position due to a high current account deficit and reduced availability of external financing. Latent risk of inter-ethnic tensions. The ratings on the Republic of Macedonia reflect the sovereign's moderate general government deficit targets and debt burden (although the latter is increasing); EU accession prospects that support reforms to improve economic and political stability; and moderate external indebtedness. The ratings also reflect a weak but improving...

Companies mentioned in this report are: Macedonia (Republic of)
Action: Review

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Macedonia (Republic of)

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