BELGRADE (Serbia), May 31 (SeeNews) – The Serbian economy expanded by real 3.5% year-on-year in the first quarter, speeding from a growth of 1.2% in the previous three-month period, the country's statistics office said on Tuesday, confirming its flash estimate released earlier this month.
According to seasonally adjusted data, Serbia turned to a quarterly GDP growth of 1.6% through March from a 0.6 contraction in the October-December period.
In the first quarter of 2015, Serbia's GDP narrowed 1.8% on the year, but expanded 0.2% on a quarterly basis.