Serbia Economic Outlook
October 4, 2016The Serbian economy lost steam in the second quarter of the year owing to a deterioration of the external sector. Despite the deceleration, latest economic data from August suggest that the country's macroeconomic fundamentals remain solid with growth in retail sales and industrial production picking up steam. In addition, efforts undertaken by the government to strengthen financial stability and reduce high public debt have borne fruit and improved confidence in the country’s economy. Following the IMF’s fourth and fifth reviews of the country’s Stand-By Arrangement, the additional funds it released to Serbia bring the total funds made available to EUR 761.6 million. The Fund highlighted Serbia’s strong economic recovery, attributing this to the structural reforms undertaken by the government, and improvements made to the country’s fiscal account to reduce economic imbalances.
Serbia Economy Data
5 years of Serbia economic forecasts for more than 30 economic indicators.
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|Bond Yield||5.45||0.0 %||Oct 25|
|Exchange Rate||113.2||-0.01 %||Oct 25|
|Stock Market||5,882||1.07 %||Oct 25|
Serbia Economic Growth
October 4, 2016Growth prospects are relatively bright as growth is expected to be supported by domestic demand. The formation of a new cabinet in August should keep the reform momentum going. Nevertheless, persistent structural imbalances and ongoing uncertainty in international markets pose a downside risk. FocusEconomics panelists project that GDP will expand 2.3% this year, which is up 0.1 percentage points from last month’s estimate. For next year, the panel expects growth of 2.4%.
Serbia Economic News
October 13, 2016
At its 13 October monetary policy meeting, the Executive Board of the National Bank of Serbia (NBS) decided to leave the reference rate unchanged at 4.00%, where it has been since 7 July.
October 12, 2016
In September, consumer prices dropped 0.6% over the previous month, which contrasted the 0.9% increase in August, the lowest reading in over a year.
September 30, 2016
In August, industrial production expanded 5.1% over the same month of last year, coming in above the 0.7% increase seen in July.
September 14, 2016
In August, consumer prices increased 0.9% over the previous month, which contrasted the 0.1% decrease in July.
September 8, 2016
At its 8 September monetary policy meeting, the Executive Board of the National Bank of Serbia (NBS) decided to leave the reference rate unchanged at 4.00%, where it has been since 7 July.