Mighty Macedonia

Scope Out Skopje

  • Why it matters

    Why it matters

    Emerging economies such as Macedonia, with its skilled workforce and steady growth rate, are promising opportunities for investors, the author argues.

  • Facts

    Facts

    • Macedonia will hold parliamentary elections on December 11, 2016.
    • Macedonia’s GDP is growing at 4 percent per year.
    • Unemployment in Macedonia reached a record low of 24 percent in 2016.
  • Audio

    Audio

  • Pdf
Night in Skopje
Thanks to extensive reform after the Soviet period, Macedonia is a promising place to invest. Source: Getty images

As the world’s larger economies react violently to domestic political shifts, smaller emerging economies look increasingly attractive for foreign investment.

The establishment Western economies were hit hard by the Brexit referendum and Donald Trump’s unanticipated yet successful bid for the U.S. presidency. Rather than play the role of international market stabilizers, the world’s first (U.S.) and fifth (U.K.) largest economies injected shock waves of fear onto international trading floors when the unexpected prevailed. The pound hit a record low following the referendum. American markets showed steep losses and then dramatic gains as investors anticipate greater unpredictability when it comes to the policy choices of president-elect Trump’s incoming administration.

Big economies have big ripples. But select smaller markets can escape the waves of uncertainty that cripple the leading global investment hubs. During periods of economic uncertainty, look to smaller economies that offer investment opportunities insulated from outside turmoil.

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