- North Macedonia's growth accelerated in recent years, but income convergence with the European Union has remained slow, while the renewed energy price shock poses new challenges for policymakers.
- The priority is to strengthen resilience to shocks, which requires coordinated monetary and fiscal policies to contain inflation and strengthen external and fiscal sustainability.
- Structural reforms are needed to boost productivity and offset the drag from emigration and population aging. Improving energy efficiency and accelerating the green transition are also critical to enhancing energy security, reducing vulnerabilities to energy price shocks, and supporting sustainable growth.
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