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Positive outlooks for Macedonia's economy in 2017

Xinhua, December 31, 2016 Adjust font size:

Macedonia's economy is expected to grow 3 percent in 2017, the National Statistics Office announced on Friday.

According to the office, the country's economic growth in 2017 will be mainly driven by its exports, which is expected to grow by 6 percent.

The sector of construction is expected to expand 5.2 percent, services 2.8 percent, agriculture 2.3 percent, and industry to around 2 percent, according to the office.

Finance Minister Kiril Minoski said earlier the country's economic growth rate was expected to hit 2.3 percent this year.

Macedonia's central bank put its forecast for 2017 economic growth to 3.5 percent. The bank believes investment, export and private consumption will be the main drivers of the country's economic growth. Enditem