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Serbia's GDP growth accelerates to 2.5% y/y in Q3 - flash estimate

Serbia's GDP growth accelerates to 2.5% y/y in Q3 - flash estimate GDP, Creative Commons. Author:LendingMemo.com

BELGRADE (Serbia), October 31 (SeeNews) – Serbia's economy expanded by a real 2.5% year-on-year in the third quarter, the country's statistics office said in a flash estimate on Monday.

In the second quarter of 2016 Serbia’s real GDP growth slowed to an annual 2.0%, from 3.8% in the previous quarter, stats office data showed earlier.

The office said it will release on November 30 more details on the country’s third-quarter economic growth.

Serbia's economy expanded by 0.8% last year and is expected to growth by 2.5% this year, according to the latest International Monetary Fund (IMF) forecast.

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