The IMF Kept an Assessment of Serbia’s Growth

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The International Monetary Fund (IMF) has kept the growth projection of Serbia’s gross domestic product (GDP) for 2018 to 3.5 percent, and this rate is predicted for 2019 as well.

In a revised report, “The World Economy Perspective,” published on the official website of the IMF on the spring session of the Fund and the World Bank in Washington, it is estimated that inflation in Serbia this year will amount to 2.7 percent, while increasing to 3 percent the following year.

It is also predicted that the current account deficit in this year will be reduced from last year’s 4.6 percent of GDP to 4.5 percent, and the IMF expects that in 2019 it will further fall to 4.1 percent of GDP.

The IMF’s unemployment rate in Serbia is projected at 14.3 percent this year, with a decrease for the following year, amounting to 14.0 percent.

The IMF also kept the global economic growth forecast for this and next year at a level of 3.9 percent, which will be the fastest growth of the world economy since 2011.

The revised report said that global trade this year will grow by 5.1 percent, which will also be its fastest growth pace over the last seven years.

Source: RTS, Tanjug

Photo: Pixabay