April 18 (SeeNews) - The International Monetary Fund (IMF) said on Tuesday it expects Serbia’s economy to expand by a real 3.0% in 2017, up from its October forecast of 2.8% growth.
The growth of Serbia's gross domestic product (GDP) is seen at 3.5% in 2018, the IMF said in the April edition of its World Economic Outlook report.
Serbia's economy expanded by 2.8% in 2016, the IMF said.
The consumer prices in Serbia are expected to increase by an annual average of 2.6% in 2017 and by 3.0% in 2018, after rising by 1.1% last year.
Serbia's current account balance, calculated as a percent of GDP, is projected at negative 4.0% in 2017 and 2018 each, the same ratio as last year.
Serbia's unemployment rate is expected to rise to 16.0% in 2017 from 15.9% in 2016 before falling to 15.6% next year.