wiiw Forecast Reports

SERBIA: Setting an example for the region


Branimir Jovanović

in: Darkest before the dawn?
wiiw Forecast Report No. Spring 2021, April 2021 , pp. 119-122

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Serbia finished 2020 as one of the best-performing European economies, and started 2021 in a similar manner. Real GDP fell by just 1% in 2020, fuelled by strong public spending. Thanks to an excellent vaccine roll-out and growth in high-frequency indicators, we project 5% growth for 2021. The main risks lie with the ongoing pandemic wave, which might stall the economy for a while, and the announced fiscal consolidation, which could hamper growth if undertaken too soon.


Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Serbia