Serbia’s Q2 GDP up 1.8 pct in real terms

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Serbia’s GDP was up by 1.8 pct in Q2 2016 compared to the same period of last year, shows a flash estimate by the national statistical office RZS.

“The calculation of quarterly GDP for the 2nd quarter 2016, which is more detailed and compiled at lower levels of aggregation by deflation method, will be published in statistical release Quarterly GDP in the Republic of Serbia on August 31, 2016,” the RZS said in a statement Monday.

In Q1, GDP grew by 3.5 pct in real terms compared to the same quarter of 2015, with the economy growing by 1.6 pct compared to the previous quarter.

At the end of 2015, the Serbian GDP saw a 0.8 pct growth, while the 2016 budget envisions a 1.75 pct economic growth, which is now expected to be higher.

Source; B92