Public Debt in Serbia
Serbia - Public DebtThe pace of economic growth moderated notably in the first quarter, and the breakdown of components calls for caution regarding future growth. Fixed investment growth moderated sharply in Q1 and, while inventory build-up stimulated growth significantly, it is likely that destocking in the later stages of the year will weigh on economic activity. On the other hand, household spending growth remained upbeat, seemingly undeterred by rising price pressures. Turning to the second quarter, inflation rose further in April and is unlikely to have peaked; producer price inflation also intensified in April. More positively, merchandise exports expanded robustly in the same month. Meanwhile, political pressure on Serbia is building. While most of Europe is turning away from Russian oil and gas, the government signed a new three-year gas supply deal with Russia in late May.
Serbia - Public Debt Data
|Public Debt (% of GDP)||69.5||67.6||59.3||53.7||52.0|
5 years of economic forecasts for more than 30 economic indicators.
Source: Ministry of Finance
|Bond Yield||3.05||0.0 %||Dec 31|
|Exchange Rate||104.9||-0.31 %||Jan 01|
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November 14, 2022
Inflation came in at 15.0% in October, up from September’s 14.0%.
November 10, 2022
The National Bank of Serbia (NBS) hiked the key policy rate by 50 basis points to 4.50% from 4.00% at its 10 November meeting.
October 31, 2022
Industrial production fell 0.3% year on year in September, contrasting August’s 0.3% expansion.
October 11, 2022
Inflation rose to 14.0% in September, which was up from August’s 13.2%.
October 6, 2022
The National Bank of Serbia (NBS) hiked the key policy rate by 50 basis points to 4.00% from 3.50% at its 6 October meeting.