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Serbia's GDP growth may exceed 3.5% in 2018 - finmin

Serbia's GDP growth may exceed 3.5% in 2018 - finmin Source: Serbian Government

BELGRADE (Serbia), January 19 (SeeNews) - Serbia's economic growth may exceed 3.5% in 2018 on the back of an expected increase in the output of the agriculture and energy sectors, finance minister Dusan Vujovic has said.

Serbia's economic growth will stand at least at 3% this year, Vujovic said during the Euromoney Central and Eastern European Forum 2018 in Vienna, according to a statement issued by the finance ministry earlier this week.

The increase of the gross domestic product (GDP) of Serbia was affected by negative cyclical factors in 2017, news agency Tanjug quoted Vujovic as saying on the sidelines of the conference.

Earlier this month, the World Bank said it has downgraded its projection for Serbia's economic growth in 2018 to 3.0% from 3.5% envisaged in its June 2017 Global Economic Prospects Report.

Serbia's GDP is expected to grow by 3.5% in 2019 and 4.0% in 2020, the World Bank said in its January 2018 Global Economic Prospects report.

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