EBRD lowers Serbia’s growth projection to 2%

The European Bank for Reconstruction and Development (EBRD) said it expects Serbia’s economic output to increase by 2.0% in 2023, lowering its September forecast by 1.3 percentage points.

 In 2024, Serbia’s gross domestic product (GDP) is expected to grow by 3.5%, the EBRD said in an update to its Regional Economic Prospects report on Thursday.

 Serbia’s economic output grew by a real 0.4% year-on-year in the fourth quarter of 2022, the country’s statistical office said in a flash estimate in January.

 The economic output of the EBRD’s region of the Western Balkans is expected to decrease to 2.2% in 2023 from an estimated growth rate of 3.0% in 2022, before expanding to 3.4% in 2024.

 EBRD also said that the southeastern EU countries were also resilient to shocks, but had lower growth rates in the second half of last year and are forecast to grow by 1.5 percent this year and 3.1 percent in 2024.

 (Politika, 16.02.2023)




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