IMF predicts modest growth, high unemployment

Serbia's economic growth in this year and the next will be modest, while unemployment will continue to be high and inflation stable.

Izvor: Beta

Thursday, 10.04.2014.

15:50

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IMF predicts modest growth, high unemployment

Serbia's economy will grow at the rate of one percent this year and 1.5 in the next, after a growth of two percent in 2013.

In the latest report, published ahead of the spring assembly of the Fund and the World Bank, to be held in Washington from April 11 to 13, the IMF halved the prediction for Serbia's gross domestic product (GDP) growth of two percent, from October 2013.

In the latest report, the IMF predicts unemployment of 21.6 percent for this year, and 22 in 2015, after 21 percent in 2013.

For this year and the next, the IMF predicted an increase in retail prices by four percent for each year, after a 7.7 percent increase in 2013. In the report from the end of 2013, the IMF predicted the unemployment rate of 24.9 percent and inflation of five percent for 2014.

According to the EurActiv Serbia portal, the Fund predicted that Serbia's current payment deficit in 2014 will be 4.8 percent of the GDP, and 4.6 percent in 2015, after five percent of the GDP in 2013.

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