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BELGRADE (Serbia), October 4 (SeeNews) - The International Monetary Fund (IMF) has affirmed its last month's economic growth forecast for Serbia at 2.5% for this year and 2.8% for 2017, according to the October edition of the Fund's World Economic Outlook survey.
The IMF said last month it raised Serbia's economic growth forecast for 2016 to 2.5% from 1.8% projected earlier, as stronger private investment and net exports have resulted in better-than-expected macroeconomic performance. At the time, the IMF also raised its 2017 forecast for Serbia's economic growth to 2.8%, with the largest contribution expected to come from private investment supported by continued rebound in private consumption.
Serbia’s average annual inflation is projected at 1.3% for 2016 and 3.2% for next year, according to figures from the IMF's autumn 2016 World Economic Outlook.
By 2021, Serbia's GDP growth is expected to reach 4%, the IMF said.