Serbia Economic Outlook
March 5, 2019
Economic momentum ebbed at the end of 2018, while weaker growth dynamics seem to have carried over into Q1 2019. Cooling domestic demand—with fixed investment slowing particularly notably—and a weak external sector led the slowdown in Q4. More recently, industrial production stumbled again in January, hampered by operational issues related to electricity generation and weaker external demand stemming from slower growth in key trading partners. On a brighter note, brisk retail sales growth in January should bode well for household spending. In other news, on a visit in early February, the IMF praised Serbia on its sounder fiscal stance and also commended the government’s decision to privatize a petrochemical plant and major bank. Moreover, Kosovo and Serbia appear to be making progress on negotiations, with both parties hoping for a final settlement this year.Serbia Economic Growth
The economy is seen slowing this year. A slowdown in the Euro-area and more subdued domestic demand will likely dampen growth. Nevertheless, progress on pertinent IMF-supported reforms and the EU accession agenda should boost investor confidence and continue to improve macroeconomic fundamentals over the medium-term. FocusEconomics Consensus Forecast panelists expect the economy to expand 3.4% in 2019, which is down 0.1 percentage points from last month’s forecast, and 3.3% in 2020.Serbia Economy Data
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Serbia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 4.00 | 0.0 % | Mar 11 |
| Exchange Rate | 105.0 | -0.31 % | Mar 11 |
| Stock Market | 1,535 | -0.44 % | Mar 11 |
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Serbia Economic News
Serbia: Inflation climbs to six-month high in February
March 12, 2019
According to the Statistical Office of the Republic of Serbia, consumer prices climbed 0.7% over the previous month in February, accelerating from the 0.4% increase logged in January.
Serbia: NBS stands pat in March
March 7, 2019
At its 7 March monetary policy meeting, the Executive Board of the National Bank of Serbia (NBS) voted to keep the key policy rate steady at 3.00%, where it has been since April 2018. Sustained price stability was the main factor behind the Bank’s latest move to keep the key policy rate unchanged in March.
Serbia: Comprehensive estimate shows Serbian economy lost momentum in Q4 2018
March 1, 2019
According to a comprehensive estimate released by the Statistical Institute on 1 March, economic growth cooled notably in the final quarter of the year.
Serbia: Industrial production continues to falter in January
February 28, 2019
According to data released by the Statistical Office of the Republic of Serbia, industrial production fell 5.5% over the same month last year in January, following December’s 6.3% plunge and marking the third consecutive month of falling production.
Serbia: Inflation edges up in January
February 22, 2019
According to the Statistical Office of the Republic of Serbia, consumer prices increased 0.4% over the prior month in January, up from the 0.1% rise in December.
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