IMF: Serbia sees faster-than-expected recovery

Serbia's recovery has been faster than expected, in terms of specific sectors and job creation, an IMF official has said.

Source: Tanjug

The head of the emerging economies regional studies division at the IMF European Department, Anna Ilyina, told Tanjug this had been noted during the IMF Mission's latest visit to Serbia, led by James Roaf.

The mission upgraded its growth forecast to +0.5 percent this year because of this faster recovery.

That is certainly good news, Ilyina told Tanjug, adding that the IMF's GDP growth forecast would aim for the level of 1.75 percent for Serbia in 2016.

Serbia is now in the process of implementing and creating reforms in the context of the three-year program, concluded with the IMF in February 2015, she said, adding that this would give an impetus to economic growth.

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