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Serbia's economy to expand by 3.5% annually in 2018, 2019 - c-bank

Serbia's economy to expand by 3.5% annually in 2018, 2019 - c-bank Source: bibiphoto/shutterstock.com

BELGRADE (Serbia), February 14 (SeeNews) - Serbia's economy will grow by around 3.5% in 2018 and as much in 2019, the governor of the country's central bank said on Wednesday. 

Growth will be backed by economic policy measures, Jorgovanka Tabakovic is quoted saying in a statemеnt issued by the central bank.

She noted that investments are expected to be strong over the next two years, as an improving business environment and projects in infrastructure will boost economic growth. 

Easing monetary policy will be another favourable factor, Tabakovic commented.

Household consumption should contribute to the recovery of the labour market, while exports are forecast to remain in a strong growth mode. 

In January, the World Bank downgraded its projection for Serbia's economic growth in 2018 to 3.0% from 3.5% projected earlier. Report. 

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