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Macedonia sees better-than-expected economic growth: minister

Xinhua, December 27, 2016 Adjust font size:

Macedonia's economy has achieved better-than-expected growth in 2016 despite the difficulties and challenges brought by the political stalemate, Macedonian Finance Minister Kiril Minoski told reporters Tuesday.

According to the minister, economic growth rates throughout the year were constantly above 2.5 percent while the average for the first three quarters stood at the level of 2.7 percent, which are higher than the government's projection of 2.3 percent.

But the minister said the impact of the political crisis still can not be neglected, as the two-year-long crisis has had a psychological effect on investments, spending and growth. Enditem