EBRD Retains Projection of Growth of Serbian GDP in 2022 at 3.3% and Lowers Prognosis for 2023

Source: N1 Wednesday, 28.09.2022. 14:41
Comments
Podeli
Illustration (Photo: Pixabay.com/Gerd Altmann)Illustration
The European Bank for Reconstruction and Development (EBRD) has retained its projection of Serbia’s GDP growth at 3.3% in 2022, but lowered its projection for 2023. In its September report, it says that next year’s GDP growth is expected to also be 3.3%, which is 0.7% less than in the previous projection.

In its analysis of economic trends in Serbia, the EBRD says that the economic recovery witnessed in 2021 continued into the first half of 2022, albeit at a slower pace, FoNet reports.

– GDP growth is projected at 3.3% in 2022 and 2023, with risks to the near term reflected in elevated inflation, weighing on disposable incomes, and worsening external demand due to the anticipated slowdown in EU markets – says the EBRD report.


They note that global rises in food and oil prices helped drive the annual inflation rate in Serbia to 13.2% in August 2022. In response, the National Bank of Serbia has increased the key interest rate six times in 2022, from 1% in March to 3.5% in September.

Comments
Your comment
Full information is available only to commercial users-subscribers and it is necessary to log in.

Forgot your password? Click here HERE

For free test use, click HERE

Follow the news, tenders, grants, legal regulations and reports on our portal.
Registracija na eKapiji vam omogućava pristup potpunim informacijama i dnevnom biltenu
Naš dnevni ekonomski bilten će stizati na vašu mejl adresu krajem svakog radnog dana. Bilteni su personalizovani prema interesovanjima svakog korisnika zasebno, uz konsultacije sa našim ekspertima.