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UPDATE 1 - Serbia’s economy grows 3.6% y/y in Q3

Nov 30, 2023, 3:15:31 PMArticle by Djordje Jajcanin
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November 30 (SeeNews) - Serbia's economic output grew by a real 3.6% year-on-year in the third quarter of 2023, after increasing by an annual 1.6% in the previous quarter, the statistical office said on Thursday, quoting non-seasonally adjusted data.

UPDATE 1 - Serbia’s economy grows 3.6% y/y in Q3
serbia.com

Compared to the second quarter of 2023, Serbia's gross domestic product (GDP) increased by 1.3% in July-September, according to seasonally adjusted GDP data, the statistical office said in a data release.

The year-on-year comparison released on Thursday represents an increase of 0.1 percentage points compared to the flash estimate of 3.5% published last month by the statistical office.

Last month, the International Monetary Fund (IMF) said it expects Serbia's economy to expand by 2% this year, affirming its projection made in April. The World Bank also said it expects the country's GDP to grow by 2% in 2023, lowering its June forecast by 0.3 percentage points.

In 2022, Serbia's economy expanded by an estimated 2.3%.

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