Republic of North Macedonia: 2026 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Republic of North Macedonia

North Macedonia is facing headwinds from the global energy shock, which is weighing on growth while increasing inflation pressures. At the same time, weak productivity gains constrain medium‑term growth prospects. Despite the challenges, the authorities are well-positioned to advance EU accession, safeguard macroeconomic stability, and advance structural reforms to accelerate income convergence with the EU.