EBRD Retains Projection of Growth of Serbian GDP in 2022 at 3.3% and Lowers Prognosis for 2023
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Illustration (Photo: Pixabay.com/Gerd Altmann)
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.
Companies:
EBRD Evropska banka za obnovu i razvoj
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European Bank for Reconstruction and Development
EBRD
GDP of Serbia
economic growth projection
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