EBRD: Serbia at the back of the line region-wise

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Photo: Pixabay

Serbia’s economic growth will accelerate to 2.9 percent in 2018 and 3.5 percent in 2019, and main growth risk will be eventual slow-down or stagnation of fiscal and structural reforms, analysts of the European Bank for Reconstruction and Development (EBRD) have evaluated.

According to economic perspectives of the region, Serbia’s stronger economic growth will be the result of low basis and growth in consumption and investment activities that will compensate for the influence of higher import.

EBRD estimates annual growth by 3.6 percent this year and 3.5 percent next year to the region of Southeast Europe, which Serbia belongs to, while Romania is expected to have the biggest growth in an ongoing year, reaching 4.6 percent, and Greece the lowest, reaching only 2.2 percent.

As for Western Balkans, according to EBRD estimate, Montenegro and Bosnia and Herzegovina will have higher growth than Serbia, 3.3 percent each, Kosovo will have 3.7 percent, Albania 3.8 percent and Macedonia will be at the bottom with 2.5 percent.

Source: N1, Beta

Photo: Pixabay