National Bank of Macedonia - Annual Report 2007
In 2007, the Macedonia economy grew by a record amount, with GDP growth of 5.1%, says the latest Annual Report from the National Bank of Macedonia.
The report notes that the trade and telecommunications sectors accounted for the largest portion of the growth. However, the report also warns that the economy has still a high trade deficit, around 19% of GDP on average, indicating the need for a change in the export structure and further stimulation of productivity in the exports sector.
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