Fiscal Balance in Serbia

Serbia Fiscal Balance | Economic News & Forecasts

Serbia - Fiscal Balance

Growth appears to have picked up in the second quarter, following the first quarter’s slowdown. Merchandise exports gathered momentum in April and May thanks to higher European demand. Meanwhile, despite softer retail sales in the same period, brisk credit growth in April, bolstered by favorable credit conditions, should have continued to support household and investment spending in the quarter. Moreover, electricity generation recovered in May. Nevertheless, the industrial sector remained on feeble footing in Q2, posting back-to-back declines in April and May. Output continued to wane amid a frailer automotive sector, and planned maintenance by two major producers. Moreover, EU-imposed temporary steel import quotas that took effect in June could compound protracted weakness in the mining sector in the short-term.

Serbia - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-5.1  -6.2  -3.5  -1.2  1.1  

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Note: Fiscal balance as % of GDP
Source: Ministry of Finance

Serbia Facts

ValueChangeDate
Bond Yield3.920.0 %Jul 11
Exchange Rate104.6-0.31 %Jul 11
Stock Market1,556-0.44 %Jul 11

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