Serbia Economic Outlook
June 4, 2019Economic momentum continued to slow for the third consecutive quarter in Q1 2019, primarily owing to a drag from the external sector. While both imports and exports continued to grow strongly, imports outpaced exports once again, weighing on headline growth. Meanwhile, domestic demand held up reasonably well, as private consumption growth was stable in the quarter and investment rebounded markedly despite a weak industrial sector. Nevertheless, government consumption growth softened to a one-year low. Turning to Q2, growth is likely to remain subdued, amid the ongoing slowdown in the Eurozone coupled with domestic and regional political turmoil. Widespread anti-government protests persisted through May, and Serbia announced it would retaliate on 1 July if Kosovo’s import tariffs remain in place.
Serbia Economic GrowthGrowth appears set to slow this year, largely due to last year’s strong performance producing a high base effect, as well as lower Eurozone growth and protracted regional tensions. Nevertheless, a tightening labor market, IMF-backed reforms and fiscal support should buttress activity. Met the why particular panelists see GDP expanding 3.2% in 2019, which is down 0.2 percentage points from last month’s forecast, and 3.3% in 2020.
Serbia Economy Data
5 years of Serbia economic forecasts for more than 30 economic indicators.
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|Bond Yield||3.60||0.0 %||Jun 14|
|Exchange Rate||115.2||-0.31 %||Jun 14|
|Stock Market||1,531||-0.44 %||Jun 14|
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Serbia Economic News
June 12, 2019
According to the Statistical Office of the Republic of Serbia, consumer prices fell 0.3% over the previous month in May, contrasting the 0.7% increase registered in April.
June 6, 2019
At its 6 June monetary policy meeting, the executive board of the National Bank of Serbia (NBS) voted to keep the key policy rate unchanged at 3.00%, where it has been for over one year.
May 31, 2019
The economy grew 2.5% in the first quarter of the year, according to a comprehensive estimate released by the Serbian Statistical Institute on 31 May.
May 31, 2019
Industrial production fell 0.8% year-on-year in April, up from the 2.8% contraction logged in March.
May 13, 2019
According to the Statistical Office of the Republic of Serbia, consumer prices rose 0.7% over the prior month in April, up from the 0.4% increase logged in March.