EBRD expects Serbian economy to grow 0.5 percent
Initial signs of economic recovery point to the end of the recession in Serbia, which should post a GDP growth of 0.5 percent this year, EBRD said.
Friday, 06.11.2015.
09:09
EBRD expects Serbian economy to grow 0.5 percent
Strong demand from abroad and low oil prices managed to offset the short-term negative effects of fiscal consolidation carried out under the IMF program, the EBRD said in a release delivered to Tanjug.In 2016, Serbia's economic growth will speed up and stand at 1.8 percent thanks to strengthening EU economies and domestic investment growth.
However, the high level of non-performing loans will be solved gradually, and the scope of lending will remain modest, reads the EBRD forecast.
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