As it was said today at the presentation of the SB report “Regular economic report for the Western Balkans”, the economy of Serbia in the first half of this year achieved growth at a lower rate than expected, while the beginning of the year was particularly unfavorable and growth in the first quarter was estimated at only 0.9 percent.
It was also stated that inflation in Serbia, although it has started to fall, is still among the highest in Europe, and its return to the target range of the National Bank of Serbia (NBS) is expected in the middle of 2024.
The Senior Macroeconomist of the SB for Serbia, Lazar Šestović, said that the fiscal performance of our country is better than expected, that the deficit is lower than predicted, thanks mostly to good results on the revenue side.
He stated that Serbia’s public debt has stabilized at around 56 percent of GDP, stressing that estimates are that the current account deficit will be lower than expected and will amount to around 2.5 percent of GDP, and that the strong inflow of foreign direct investments will continue.
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