Serbian National Bank raises GDP growth prediction

Izvor: N1 televizija, 16.Nov.2018, 13:10   (ažurirano 02.Apr.2020.)

Serbian National Bank raises GDP growth prediction

The Serbian National Bank (NBS) has raised its predicted annual GDP growth rate from 4.0 to 4.2 percent for this year with low and stable inflation over the next two years, the Beta news agency reported on Friday.

The NBS did not alter its prediction of a growth of 3.5 percent of the Serbian GDP in 2019.

An NBS report on inflation said that year-on-year inflation stands at 2.2 percent. Vice-Governor Zeljko Jovic told a presentation of the report that the inflation rate >> Pročitaj celu vest na sajtu N1 televizija << falls within target limits and specified that the goal is to keep consumer price growth at three percent, plus/minus 1.5 percent.

Jovic said the share of non-performing loans in overall bank loans has dropped to 6.4 percent which is the lowest level since 2008.

“The fiscal stability of prices and continued support to government economic policy remain our priorities in the future,” the NBS Vice-Governor said.

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