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Global Macro-Market Outlook

Serbia: September 2010 Outlook Update

By Jelena Vukotic
Sep 10, 2010 | Last Updated
Global Economics Outlook, GDP and CPI data for Serbia

  • Improved external demand for iron and steel propels the exports revival.
  • A rebound in domestic lending signals stronger investment activity.
  • Increased inflationary pressures triggered monetary policy tightening in Q3.

Outlook Update: Recovery Picks Up

A surge in export demand from the EU helped Serbia’s economy to embark on the path of recovery. RGE has revised its 2010 GDP growth forecast upward to 1.3% due to a stronger-than-expected Q2 data and a robust export performance. We expect 2.5% growth next year, driven by a modest revival in private consumption.

Continued weakening of[...]

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