Serbia: GDP in Q2 expands for first time since Q4 2013
July 31, 2015
Serbia’s economy improved markedly in Q2, recording the first annual expansion since Q4 2013. GDP expanded 0.9% in Q2 over the same period last year, according to preliminary data released by Statistical Office of the Republic of Serbia (SORS) on 31 July. The expansion contrasted Q1’s 1.8% contraction and overshot the 0.3% increase that market analyst had expected. The SORS will release more detailed data on 31 August.The National Bank of Serbia expects zero economic growth this year. For 2016, the Bank sees economic growth picking up to 1.5%. FocusEconomics Consensus Forecast panelists expect the economy to contract 0.1% in 2015, which is unchanged over the previous month’s projection. For 2016, the panel sees GDP increasing 1.7%.