Serbia’s economic results for Q3

Serbia’s economic output grew by a real 3.6% year-on-year in the third quarter of 2023, after increasing by an annual 1.6% in the previous quarter, the statistical office said on Thursday, quoting non-seasonally adjusted data.

Compared to the second quarter of 2023, Serbia’s gross domestic product (GDP) increased by 1.3% in July-September, according to seasonally adjusted GDP data, the statistical office said in a data release.

The year-on-year comparison released on Thursday represents an increase of 0.1 percentage points compared to the flash estimate of 3.5% published last month by the statistical office.

Earlier this year, the government said it expected the country’s economy to grow by 2.5% in 2023.

Last month, the International Monetary Fund (IMF) said it expects Serbia’s economy to expand by 2% this year, affirming its projection made in April. The World Bank also said it expected the country’s GDP to grow by 2% in 2023, lowering its June forecast by 0.3 percentage points.

In September, the European Bank for Reconstruction and Development (EBRD) said it sees Serbia’s economic output increasing by 1.8% in 2023, lowering its May forecast by 0.2 percentage points.

In 2022, Serbia’s economy expanded by an estimated 2.3%.

(Danas, 01.12.2023)

This post is also available in: Italiano

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