Erste Group sees Serbia's GDP up 0.5% in 2013, rising 2.5% in 2014.

By bne IntelliNews January 11, 2013
Serbia's economy will rise 0.5% in 2013 and expand by a further 2.5% in 2014, according to a report of Erste Group published on the website of its Serbian unit. In 2013 and 2014 Serbia will thus record considerably slower growth than the average for the region of Central and Eastern Europe, seen at 1.3% and 2.2%, respectively. In Erste's report the region comprises also seven other countries (Croatia, the Czech Republic, Hungary, Poland, Romania, Slovakia and Ukraine). The Serbian government sees the economy expanding 2% in 2013, driven by rising car and petrol products sales abroad. The euro-zone crisis, however, remains a major downside risk threatening Serbia's export-led recovery in 2013, while a better-than-expected agriculture season may contribute positively to the GDP growth this year.

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