The International Monetary Fund kept the projection of the growth of the gross domestic product of Serbia at 5 percent for this year, and at 4.5 percent for 2022, as it predicted in January.
The April issue of “Global Economic Outlook 2021”, presented today before the beginning of the spring session of the IMF and the World Bank, estimates that the average growth rate of Serbia by 2026 will be 4%.
With a growth rate of 5 percent this year, as predicted by the Fund, the Serbian economy will fully return to pre-pandemic levels, having slipped by only 1 percent last year, one of the best economic results in the region and Europe in the year marked the fight against the Covid pandemic.
According to the Fund’s forecast, the average annual inflation rate in our country will be 2.2 percent this year, and 2.4 percent next year, which is within the target corridor of the National Bank of Serbia of 3 percent plus / minus 1.5 percentage points.
The IMF predicts that Serbia’s current account deficit in 2021 will amount to 5.7 percent, after which it will drop to 5.5 percent next year.
When it comes to the economy in the region, Croatia’s GDP in the current year, according to the IMF, should grow by 4.7 percent, Bosnia and Herzegovina is projected to grow by 3.5 percent, and Northern Macedonia by 3.8 percent.
After last year’s decline of 15.2 percent, the Fund estimates that Montenegro will recover at a rate of 9 percent in 2021, while the lowest growth rate, of 0.8 percent, is forecast for Slovenia.
According to the IMF projection, the Kosovo economy, which recorded a decline of 6% last year, will partially compensate for that this year with a growth of 4.5%.
The IMF also forecasts that in the current year, Bulgaria will record growth of 4.4 percent, Hungary of 4.3 percent, Albania of 5 percent, and Romania and Turkey of 6 percent each, RTV reports.
