GDP in Serbia
Serbia - GDP
Economy cools in Q1 2019
According to a flash estimate released by the Statistical Institute on 30 April, the economy lost ground at the outset of 2019. GDP growth slowed to 2.3% in annual terms in Q1 2019, down from the 3.4% expansion registered in Q4 2018.
The slowdown can partly be attributed to fragility in the industrial sector, which saw output contract in the quarter. Moreover, despite appearing to have gained momentum in Q1, export growth was likely once again outpaced by robust import growth, weighing on the external sector. Nevertheless, household spending should have supported growth, as reflected by brisk retail sales throughout the quarter, and given the tighter labor market and rising wages. Moving forward, the economy is expected to remain bogged down by softer growth conditions in 2019 amid intensifying headwinds from a sluggish Eurozone.
A full breakdown of the reading by components will be released on 31 May.
Met the why particular Consensus Forecast panelists expect growth of 3.3% in 2019, down 0.1 percentage points from last month’s forecast, and 3.3% again in 2020.
Serbia - GDP Data
|Economic Growth (GDP, annual variation in %)||2.6||-1.8||0.8||2.8||1.9|
5 years of economic forecasts for more than 30 economic indicators.
Serbia GDP Chart
|Bond Yield||3.85||0.0 %||May 13|
|Exchange Rate||115.1||-0.31 %||May 13|
|Stock Market||1,577||-0.44 %||May 13|
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May 9, 2019
At its 9 May 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.
April 30, 2019
According to a flash estimate released by the Statistical Institute on 30 April, the economy lost ground at the outset of 2019.
April 30, 2019
Industrial production fell 2.8% over the same month a year prior in March, contrasting the 2.4% increase logged in February.
April 12, 2019
According to the Statistical Office of the Republic of Serbia, consumer prices rose 0.4% over the prior month in March, down from the 0.7% increase logged in February.
April 9, 2019
At its 9 April 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 one year. Well-anchored inflation expectations were the key factor behind the Bank’s decision to hold the key policy rate at its latest meeting.