WIIW:”Serbia’s growth this year 3.9%”

The Vienna International Economic Institute (WIIW) published its autumn forecast, with the assessment that the war in Ukraine did not have as negative an impact as expected on the economies of 23 countries in Central, Eastern and South-Eastern Europe, but that difficult times are still ahead.

As far as Serbia goes, the Institute predicts that this year the country will record a 3.6- percent growth.

According to WIIW’s forecast, the Serbian economy will grow by 3.6 percent this year, 1.9 percent next year, and 2.7 percent in 2024.

To compare, the economic growth of Bosnia and Herzegovina is estimated at 2.6 percent this year, 1.5 percent next year, and 2.5 percent in 2024, and when it comes to North Macedonia, the economic growth will be quite low – only 1 percent this year, 0.6 percent next year, and 2 percent in 2024.

The economic growth of the entire Western Balkans will be 3.1 percent this year. For next year, the growth of the region’s economy is forecasted at 1.9 percent, and in 2024, at 2.8 percent.

The economic growth of the EU this year is estimated at 3.9 percent, 1.5 percent for the next year, and 2.6 percent in 2024.

In terms of unemployment figures, the Vienna Economic Institute forecasts that it will be 9.5 percent this year in Serbia, and that it will decrease to 9 percent next year, and 8.5 percent in 2024.

All other countries of the Western Balkan region have double digit unemployment.

(Biznis.rs, 20.10.2022)



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