"Trade deficit may reach record high"
Serbia's trade deficit could reach US$ 9.5bn, but there is no fear of a balance of payments crisis and devaluation.
Sunday, 15.07.2007.
13:28
"Trade deficit may reach record high"
He said that Serbia could expect more than US$ 3bn in net value of direct foreign and portfolio investments. Loan-based inflow would be at US$ 4.5bn, foreign exchange inflow at US$ 1.3bn, with more than US$ 2bn in currency savings.According to him, it would be sufficient to cover Serbia’s trade deficit expected to reach a record high.
Nikolić explained that the Serbian economy would manage to score a positive balance of payments (BOP) at the end of the year.
“An increase in imports has slowed down over the first quarter of 2007, which will contribute to Serbia’s positive BOP,” he said.
Nikolić estimated that this year would see an import growth below 30 percent, and a 32 to 35 percent increase in exports.
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