Serbia Economic Outlook
September 3, 2019
GDP growth should have accelerated in the second quarter, supported by stronger construction activity on key infrastructure projects, which likely boosted investment. Moreover, favorable financial conditions, a tighter labor market and rising wages should have supported private consumption. That said, weak industrial production—which was battered by the effects of the tariffs from Kosovo, weaker demand from the EU and factory maintenance—dragged on growth in the quarter. Available data points to a promising start for the third quarter. Industrial production recovered in July, after contracting nine times in the last year, thanks to a sharp rebound in manufacturing. Likewise, merchandise exports also rebounded in the same month, underpinned by strong demand from Germany and CEFTA countries.Serbia Economic Growth
The economy is forecast to slow this year on moderating fixed investment and an unfavorable base effect from last year’s growth rate. Nevertheless, healthy consumer spending, robust FDI inflows and an improved business climate should support the economy. Risks from heightened tensions with Kosovo and a sluggish Euro area cloud the outlook, however. FocusEconomics panelists see GDP expanding 3.0% in 2019, which is down 0.1 percentage points from last month’s forecast, and 3.2% in 2020.Serbia Economy Data
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Serbia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.10 | 0.0 % | Sep 04 |
| Exchange Rate | 106.4 | -0.31 % | Sep 04 |
| Stock Market | 1,589 | -0.44 % | Sep 04 |
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Serbia Economic News
Serbia: Inflation weakens in August
September 12, 2019
According to the Statistical Office of the Republic of Serbia, consumer price growth was flat in month-on-month terms in August, following the 0.2% decline in July.
Serbia: NBS holds fire in September after previous month’s rate cut
September 12, 2019
At its 12 September monetary policy meeting, the executive board of the National Bank of Serbia (NBS) decided to keep the key policy rate on hold at 2.50% after unexpectedly cutting it by 25 basis points in the prior month.
Serbia: Growth accelerates in Q2
September 2, 2019
The economy grew 2.9% in annual terms in the second quarter, up from the upwardly revised 2.7% expansion registered in the first quarter (previously reported: +2.5% year-on-year).
Serbia: Industrial production rebounds in July
August 30, 2019
Industrial production grew 3.7% over the same month of the previous year in July, recovering from the 6.1% decline registered in June.
Serbia: Inflation inches up in July
August 12, 2019
According to the Statistical Office of the Republic of Serbia, consumer prices fell 0.2% over the prior month in July, following the 0.3% dip in prices in June.
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