The Serbian economy is expected to grow between 2.3 and 2.5 percent this year, up 1.8 percent from 2015, according the central bank.
“Our expectations that both fiscal and current account deficits will be lower in 2016 than last year are confirmed by favorable fiscal and balance of payments movements since the start of the year,” said Ana Ivković, acting general manager directorate for the bank’s economic research and statistics. “At 1.7 percent of GDP, the consolidated fiscal deficit was almost a quarter lower than in the same period a year earlier, which is also well below the ceiling under the agreement with the International Monetary Fund.”
