(ANSA) - BRUSSELS, MAY 8 - The European Commission revised upwards its forecast for the economic growth of Nort Macedonia in 2019 to 3.0% from 2.8% expected in November. The spring forecasts highlight North Macedonia's economic recovery thanks to the positive influence of the political stability in the country.

According to the Commission, the economic growth of North Macedonia should rise to 3.2% in 2020, from 2.7% estimated in 2018. According to EC, ''the climate for investors has improved given the more realistic prospect of EU membership''.

Domestic demand is driving growth, along with a good performance of the labor market. In 2018, the government succeeded in 2018 in reducing the fiscal deficit, but according to the Commission, the deficit in 2019 will rise to 3% and the measures adopted so far are still insufficient. The positive impact of the pension and social assistance reform package will be tangible, for the most part, starting in 2020. ''The big risks to growth are increasingly attenuated by the country's progress on its Euro-Atlantic path'', the report reads. (ANSA).