The growth of the Gross Domestic Product (GDP) in Serbia this year will be around 2.3 to 2.4 percent, similar to last year. Inflation will be around 12.5 percent, but it is expected to slow down within the year, while the fiscal deficit will be lower than the planned 2.8 percent,” stated Milojko Arsić, a professor at the Faculty of Economics in Belgrade and the chief editor of the Quarterly Monitor.
During the presentation of this publication at the Faculty of Economics, he mentioned that in the following year, a GDP growth of around 3.0 percent is anticipated, with average inflation ranging from 4.5 to five percent, a current account deficit of about three percent, a slight decrease in unemployment, and an increase in real wages by three to four percent.”
All these developments will, of course, depend on the geopolitical situation in the world, and if the European economy progresses more rapidly, it will be beneficial for both Serbia and the trends in our country. The prolongation of stagnation or recession in the main economic partner countries of Serbia would slow down its growth,” he emphasized.
Regarding inflation, he mentioned that it is expected that the National Bank of Serbia will maintain a restrictive monetary policy until inflation enters the targeted corridor. According to him, this could happen around the middle of next year when interest rates could start to decrease.
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