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IMF affirms Serbia's 2019 GDP growth forecast

Author Radomir Ralev
IMF affirms Serbia's 2019 GDP growth forecast Source: EPS

BELGRADE (Serbia), October 16 (SeeNews) - The International Monetary Fund (IMF) expects Serbia’s economy to expand by a real 3.5% in 2019, unchanged from the previous forecast in April, it said on Tuesday.

In 2020, Serbia's gross domestic product (GDP) is expected to grow by 4.0%, IMF said in the October edition of its World Economic Outlook (WEO) report.

Serbia's GDP grew by an estimated 4.3% last year, according to the report.

Serbia's harmonised consumer price inflation is seen at 2.2% in 2019 and 1.9% in 2020, according to the October WEO report.

Unemployment is projected to fall to 13.1% at end-2019, from 13.3% in 2018, before declining further to 12.8% next year.

Serbia’s current account deficit is forecast at 5.8% of GDP in 2019 and 5.1% in 2020, the IMF said.