Serbia Economic Outlook
November 28, 2017Recent data shows that GDP expanded 2.1% in Q3 against the same quarter last year—the fastest rate since Q4 2016. Moreover, in September industrial production expanded solidly compared to the same month in the prior year, driven by strong growth in the manufacturing, and mining and quarrying sectors. Exports also continued to grow at a double-digit rate. On 7 November, the IMF concluded a visit to Serbia. It noted that the country’s public debt-to-GDP ratio has fallen significantly since 2015 and generally praised Serbia’s recent economic performance. However, the IMF noted business-friendly reforms are still needed, such as a modernization of the tax system and increased transparency related to public fees and charges. Looking ahead, the possibility of parliamentary elections being called before schedule early next year, which would be the third premature elections called since 2014, translates into economic uncertainty going forward.
Serbia Economic GrowthAccommodative fiscal and monetary policy should provide a boost to domestic demand next year. Moreover, strong demand from Europe is expected to support the external sector. However, the uncertainty surrounding possible early elections in 2018 clouds the outlook. FocusEconomics panelists expect GDP growth to reach 3.0% in 2018, which is unchanged from last month’s forecast. For 2019, panelists again project growth of 3.0%.
Serbia Economy Data
5 years of Serbia economic forecasts for more than 30 economic indicators.
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|Bond Yield||4.75||0.0 %||Dec 06|
|Exchange Rate||101.3||-0.31 %||Dec 06|
|Stock Market||1,644||-0.44 %||Dec 06|
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Serbia Economic News
November 13, 2017
Consumer prices rose 0.2% from the previous month in October, an acceleration from September’s 0.1% increase.
November 9, 2017
At its 9 November monetary policy meeting, the Executive Board of the National Bank of Serbia (NBS) maintained its key policy rate at 3.50%, after cutting it by 0.25 percentage points at each of its past two meetings.
October 31, 2017
Industrial production expanded 7.3% in September from the same month last year, matching August’s expansion.
October 31, 2017
According to a flash estimate released on 31 October by the Statistical Institute, GDP grew 2.1% in Q3 compared to the same quarter last year.
October 12, 2017
Consumer prices rose 0.1% from the previous month in September, a deceleration from August’s 0.2% increase.