wiiw Forecast Reports

SERBIA: Fiscal consolidation starts


Vladimir Gligorov

in: A Time of Moderate Expectations
wiiw Forecast Report No. Spring 2015, March 2015 , pp. 95-97

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The economy slid into recession in 2014. It is expected at best to stagnate over the current year. This is mostly due to the fiscal consolidation measures being planned, as well as to stagnating exports. In the medium term, the government expects recovery that will be driven for the most part by public and foreign investments. It also anticipates support from a three-year IMF programme that was approved at the end of February. Recovery should pick up speed, increasing to about 2% by 2017.


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

Countries covered: Serbia