In its autumn economic forecast, released on Wednesday, the Vienna Institute for International Economic Studies (WIIW) projects Serbia to see 3.6% GDP growth in 2022 and notes that the impact of the war in Ukraine on the 23 economies of central, eastern and southeastern Europe has not been as negative as expected but that difficult times are yet ahead.

According to the report, Serbia’s GDP growth will decelerate to 1.9% in 2023 and reach 2.7% in 2024.

By comparison, Bosnia and Herzegovina’s economic growth in 2022, 2023 and 2024 is projected at 2.6%, 1.5% and 2.5%, respectively, with North Macedonia forecast to register GDP growth of just 1% in 2022, 0.6% in 2023 and 2% in 2024.

Overall economic growth in the Western Balkans in 2022, 2023, 2024 is projected at 3.1%, 1.9% and 2.8%, respectively.

Source: Tanjug, Momentum