THE GOVERNOR OF THE NATIONAL BANK OF THE REPUBLIC OF NORTH MACEDONIA, DR. ANITA ANGELOVSKA BEZHOSKA DELIVERED A GUEST LECTURE AT IBU

THE GOVERNOR OF THE NATIONAL BANK OF THE REPUBLIC OF NORTH MACEDONIA, DR. ANITA ANGELOVSKA BEZHOSKA DELIVERED A GUEST LECTURE AT IBU

The Governor of National Bank of the Republic of North Macedonia, Dr. Anita Angelovska Bezhoska on 11th December 2019 delivered a lecture to the students of the International Balkan University on the dynamics and the model of economic growth before, during, and after the global economic and financial crisis and the latest macroeconomic forecasts of the National Bank. Afterwards, she addressed the general trends in Central East and Southeast European countries, pointing out that many countries in the region had an excessive and unsustainable growth model that came to the fore during the global crisis when growth rates slowed down significantly. As she pointed out, economic growth in our country decelerated at a slower pace though, yet being among the highest in the region.

The Governor also spoke about the latest macroeconomic forecasts of the National Bank for the period until 2022, first referring to the key assumptions of the forecasts. She also pointed out that these forecasts presume a stable domestic environment, further inflow of foreign investment, extension of the public infrastructure cycle and increasing foreign demand, albeit more moderate than the April forecasts.
“The forecasted medium-term growth rates of our economy are slightly higher than those of the European economy reflecting real convergence to the European income level. Yet, faster convergence requires higher economic growth rates which implies an increased level of potential growth through further structural reforms”, said Angelovska Bezhoska.
Students at the International Balkan University expressed great interest in the lecture, which grew into an open discussion with the governor. The discussion also raised a number of relevant issues such as factors for strengthening capacities for greater long-term economic growth, relationship between deposit growth and economic growth, and the importance of credit support.
The National Bank financial education has significantly strengthened. It includes a number of lectures on important central banking topics to students from all interested higher education institutions in the country. Governor Angelovska Bezhoska’s lecture was delivered as part of these activities. Such lectures to economics students at other higher education institutions are scheduled for the upcoming period.