wiiw Forecast Reports
SERBIA: Early elections, then reforms
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Last year delivered a recovery in GDP growth, early estimate 2.4%, which can be attributed to the full rebound of agricultural production and the start of Fiat’s production and export of cars. This and the next couple of years will see a slowdown of growth, with probably slight recession in 2014 and a speed-up to not more than 2% in the medium term, due to the disappearance of these one-time effects. Inflation is decelerating and positive employment effects cannot be expected.
Countries covered: SEE, Serbia