Fiscal Balance in Serbia
Serbia - Fiscal BalanceGDP 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 - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-5.1||-6.2||-3.5||-1.2||1.1|
5 years of economic forecasts for more than 30 economic indicators.
Source: Ministry of Finance
|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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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).
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.
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.
August 8, 2019
At its 8 August monetary policy meeting, the executive board of the National Bank of Serbia (NBS) voted to slash the key policy rate to 2.50% from 2.75%, a new record-low under the inflation targeting.
July 31, 2019
Industrial production fell 6.1% over the same month of the previous year in June, down from the 0.6% decline registered in May.