wiiw Forecast Reports

SERBIA: A lighter shade of grey


Branimir Jovanović

in: Beneath the Veneer of Calm
wiiw Forecast Report No. Autumn 2023, October 2023 , pp. 121-124

The economy grew solidly in Q2, but this is likely to be short lived. Inflation is showing signs of moderating, but is still among the highest in the CESEE region. The central bank is likely to keep interest rates unchanged for the rest of the year, while fiscal policy will probably become less restrictive. We are revising our GDP growth forecast for 2023 upwards to 1.5%, but for 2024 and 2025 downwards, due to the expected lower global growth.


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

Countries covered: Serbia