Serbia Growth to Accelerate

The EU announced Thursday it expected Serbia’s economic expansion to accelerate, forecasting the country’s GDP growth rate to be 3.2% 2017 and 3.6% in 2018, ANSAmed reported. In its Spring 2017 Economic Forecast, the European Commission said “robust revenue growth” would support a “further budget deficit reduction”, noting Serbia’s domestic demand was “picking up, boosting imports and government revenues”. “Economic growth is forecast to strengthen mainly on the back of strong private consumption, while exports and investment are projected to remain robust.”