WB upgrades growth forecast for Serbia

The World Bank (WB) increased projections for Serbia's GDP growth in 2015 and the two following years in its latest, January 2016 Global Economic Prospects.

Izvor: Tanjug

Friday, 08.01.2016.

14:43

WB upgrades growth forecast for Serbia
(Thinkstock)

WB upgrades growth forecast for Serbia

In 2018, the WB expects Serbia's economy to grow at a pace of 3.5 percent.

The WB also notes that global growth disappointed again in 2015, slowing to 2.4 percent, and is expected to recover at a slower pace than previously envisioned. Growth is projected to reach 2.9 percent in 2016, as a modest recovery in advanced economies continues and activity stabilizes among major commodity exporters.

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