GDP in Serbia
Serbia - GDP (billions of Euros)The domestic-driven economy is taking a beating in the second quarter as the lockdown measures have stifled the services sector and caused an inevitable spike in unemployment. Moreover, elevated uncertainty, postponed projects and a retreat in FDI will be battering fixed investment, which had surged at the end of 2019. Although limited, data for the end of Q1 highlights the incipient downturn: In March, tourist arrivals fell by over 50%, industrial production dipped and merchandise exports tumbled on frail demand from key trading partners Germany and Italy. The government's strong fiscal response should help cushion the blow, however. On 1 May, S&P Global Ratings revised its outlook on Serbia from positive to stable, citing the economic fallout and the worsening external financing scenario as downside risks, although Serbia's buffers of high international reserves and fiscal space represent upside risks to the outlook.
Serbia - GDP (EUR bn) Data
|GDP (EUR bn)||35.5||35.7||36.7||39.2||42.9|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||3.05||0.0 %||Dec 31|
|Exchange Rate||104.9||-0.31 %||Jan 01|
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June 1, 2020
GDP growth waned to 5.0% year-on-year in the first quarter, below the 6.2% expansion logged in the fourth quarter.
May 29, 2020
Industrial output fell 16.6% in year-on-year terms in April, which followed March's 0.1% decrease.
May 13, 2020
Consumer prices were unchanged from the prior month in April, contrasting the 0.1% drop in March.
May 7, 2020
On 7 May, the Executive Board of the National Bank of Serbia (NBS) maintained the key policy rate at 1.50%.
April 30, 2020
Industrial production dipped 0.1% in annual terms in March, contrasting the 7.6% surge recorded in February.