The International Monetary Fund (IMF) said it expects Serbia’s economy to grow by 2% this year, revising downwards its forecast for 2.7% growth made in October.

Serbia’s gross domestic product (GDP) is expected to grow by 3% next year, the IMF said in the latest edition of its World Economic Outlook report on Tuesday.

The latest IMF forecast is lower than the latest World Bank forecast of 2.3% economic growth in Serbia this year.

Last year, Serbia’s economic output expanded by an estimated 2.3%, the IMF said.

Serbia’s average consumer price inflation is seen edging up to 12.2%% in 2023 from 12% last year, before slowing to 5.3% in 2024, the IMF said.

The country’s current account deficit is projected to fall to 6.1% of GDP in 2023 from 6.9% in 2022. In 2024 the current account deficit is expected to fall to 5.7% of GDP.

Source: SeeNews, Momentum