Moody's sees "robust economic growth" in Serbia

The U.S. credit rating agency Moody's has announced it expected Serbia's general government fiscal deficit to be 2.3 pct in 2016.

Source: Tanjug

Wednesday, 30.11.2016.

15:09

Moody's sees

Moody's sees "robust economic growth" in Serbia

Supported by an acceleration of real GDP growth by 2.7 pct this year, from 0.8 pct in 2015, the debt-to-GDP ratio will stabilize at around 75 pct in 2016, it said in a report.

"The positive outlook on Serbia's B1 rating reflects partly the systemic overhaul under the three-year IMF stand-by-arrangement, which had yielded robust economic growth and significant fiscal adjustments," the report said.

"Still, the debt-to-GDP ratio remains very high relative to peers at an expected 75 pct by the end 2016 and the still high proportion of foreign-currency denominated debt adds foreign-exchange risk to its debt repayment profile", Moody's said.

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