The International Monetary Fund (IMF) has officially raised the 2018 economic growth forecast for Serbia from an earlier 3.5 per cent to 4.0 per cent in its latest, autumn report “The Perspective of the World Economy”.
The IMF kept the projections of the Serbian GDP growth forecast for the next year to 3.5 percent, while for 2023, it forecasts a GDP growth of 4.0 per cent, according to the report that is posted on the Fund’s official website on the occasion of the annual IMF and World Bank conference in Nusa Dua in Indonesia, which started today and will last until October 14th.
The official IMF’s forecast about this year’s economic growth of Serbia is slightly lower than the projection delivered by the Head of the IMF office in Serbia, James Roaf who, on October 4th, said at a press conference in Belgrade that Serbia’s expected GDP growth was 4.2 per cent.
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In the new report, the IMF also estimates that the inflation in Serbia this year will amount to 2.1 per cent, and next year, to 2.3 per cent.
In addition, it is anticipated that Serbia’s current account deficit will be at the last year’s level and will amount to 5.7 per cent, decreasing to 5.6 per cent in 2019 with the tendency of further decline to 4.1 per cent by 2023.
According to the IMF’s projection, the unemployment rate in Serbia will stand at 13.8 per cent this year, with a slight decline to 13.5 per cent next year.
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