IMF retains Serbia 2011 GDP growth projection to 3%.

By bne IntelliNews April 12, 2011
Serbia's economy is to grow by 3% in 2011, the International Monetary Fund (IMF) said in its April 2011 World Economic Outlook, retaining its growth expectations from the previous edition of the report. The economy is expected to grow by 5% in 2012. Consumer prices are seen growing by 9.9% in 2011, compared to the 5% projected in the previous WEO report, and decelerating to 4.1% in 2012. The IMF expects Serbia's current account deficit to reach 7.4% of GDP in 2011 and ease to 6.6% of GDP in 2012. Unemployment rate is projected to stand at 19.6% in 2011 and rise to 19.8% in 2012.

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