Izvor: N1 televizija, 11.Maj.2018, 17:24 (ažurirano 02.Apr.2020.)
Higher economic growth expected in Serbia
Serbia’s predicted economic growth will stand at 2.9 percent in 2018 and will rise to 3.5 percent in 2019, the European Bank for Reconstruction and Development said adding that the biggest risks are a slowing down or stop to fiscal and structural reforms.
According to a report presented at the annual EBRD board of governors’ meeting in Jordan, the strong economic growth is the result of a low starting base and higher expenses and investments, compensating for higher imports.
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The EBRD predicted an average economic growth of 3.6 percent in 2018 and 3.5 percent in 2019 for the Southeast Europe region with the highest growth this year expected in Romania (4.6 percent) and the lowest in Greece (2.2 percent).
Serbia is not expected to have the highest growth in the Western Balkans with Montenegro and Bosnia-Herzegovina expected to show growth of 3.3 percent, Kosovo 3.7 percent and Albania 3.8 percent. Only Macedonia is expected to have a lower growth of 2.5 percent.
The EBRD report said that the Serbian economy showed a growth of just 1.9 percent in 2017, primarily due to lower exports and higher imports. Serbia had a growth of 2.8 percent in 2016. Serbia’s budget deficit of 6.6 percent of the GDP in 2014 rose to a surplus of 1.2 percent of the GDP in 2017 while the public debt stood at 65 percent of the GDP at the end of 2017.
Overall investments stood at below 20 percent of the GDP despite a high level of foreign direct investments of 6.6 percent of the GDP in 2017.
