IMF retains its 3.5% growth forecast for Serbia

The International Monetary Fund (IMF) has not changed its GDP growth projection for Serbia for 2018 which stands at 3.5%, as this growth rate is also predicted for 2019.

The revised World Economic Outlook Report, published today on the official IMF website on the occasion of the joint spring session of the Fund and the World Bank in Washington, estimates that inflation in Serbia this year will be 2.7%, and 3% next year.

The IMF also projects that this year’s current account deficit will be reduced from last year’s 4.6% of GDP to 4.5%t, and that in 2019,  it will further fall to 4.1% of the Serbian GDP.

Drop in unemployment

The unemployment rate in Serbia is projected at 14.3% this year, and next year at 14%.

The IMF also retained the global economic growth forecast for this and next year at the level of 3.9%, which will be the fastest growth of the world economy since 2011.

The revised report says that global trade this year will grow by 5.1%, which is the fastest growth in the last seven years.

The projection of the economic growth in the eurozone  for 2018 year was revised upwards to 2.4%, from 2.2% projected three months ago, while the Chinese economy will grow at the rate of 6.6% this year, a slowdown in relation to the growth of 6.9% from 2017.

India’s economic growth will outgrow China’s. The US economy, according to the IMF, will grow 2.9% this year, up from the January forecast of 2.7%, and the 2.3 % growth last year.

“By the year 2020, the US economy will benefit from the tax cuts that President Donald Tramp approved in December last year”, the report said.

It is estimated that India’s economic growth will surpass China’s growth, and this year, the Indian economy will grow by 7.4%, while the Japanese economy’s growth is expected to slow down to 1.2% in 2018 from 1.7% from 2017.

(Blic, 17.04.2018)

https://www.blic.rs/vesti/ekonomija/mmf-zadrzao-procenu-rasta-bdp-za-srbiju-od-35-odsto-u-2018/c4c0s8e

This post is also available in: Italiano

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