"Macroenonomic stability seems preserved"
Serbia's foreign exchange reserves are stable, the European Commission said on Tuesday in its newest economic analysis, Beta news agency is reporting.
Wednesday, 18.01.2012.
15:02
Serbia's foreign exchange reserves are stable, the European Commission said on Tuesday in its newest economic analysis, Beta news agency is reporting. The Serbian government "seems to have maintained macroeconomic stability in conditions of growing global uncertainty", and has made an agreement in principle with the International Monetary Fund, the document further said. "Macroenonomic stability seems preserved" The EC's report added that these were the key findings about Serbia, and reiterated that the IMF had conditioned the final approval of a EUR 1.1bn precautionary arrangement with a rebalance of the 2012 Serbian budget. In the analysis, which was made available to Beta, the EC acknowledged that the decision on granting EU candidate status to Serbia had been put off for February or March, but also commended Serbia for its significant progress. It pointed out that Serbian GDP growth had slipped half a percentage point in the third quarter of 2011, but was still 2.5 percent in the second quarter. The report also noted that the level of economic activity was sustained in the last quarter. Based on initial estimates, Serbia achieved 1.9 percent GDP growth in 2011, after registering a growth rate of one percent in 2010. Beta
"Macroenonomic stability seems preserved"
The EC's report added that these were the key findings about Serbia, and reiterated that the IMF had conditioned the final approval of a EUR 1.1bn precautionary arrangement with a rebalance of the 2012 Serbian budget.In the analysis, which was made available to Beta, the EC acknowledged that the decision on granting EU candidate status to Serbia had been put off for February or March, but also commended Serbia for its significant progress.
It pointed out that Serbian GDP growth had slipped half a percentage point in the third quarter of 2011, but was still 2.5 percent in the second quarter. The report also noted that the level of economic activity was sustained in the last quarter.
Based on initial estimates, Serbia achieved 1.9 percent GDP growth in 2011, after registering a growth rate of one percent in 2010.
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