IMF: Serbia keeps recovering, but lacks momentum.

By bne IntelliNews October 15, 2010
The Serbian economy has been recovering stronger compared to peers, but the recovery lacks strong momentum and is not broad based nor enough to generate employment, the IMF said in its country report on Serbia, published on its web-site following the fifth review of country's performance under SBA with the lender. The fund said that Serbia's GDP growth would probably come in at 1.5% this year. The lender noted that the concerns over the spill over from Greece diminished, but added that the risk premium remains elevated. This has been reflected in the poor interest towards Serbia's treasury bills and higher yields sought by the investors. The IMF said the inflation is projected to increase above the NBS's target of 6% at end-2010, but move toward the centre of the target band in 2011.

Related Articles

Serbia's external debt up 4.7% y/y to EUR 25.4bn at end-Feb 2013.

Serbia's foreign debt rose an annual 4.7% y/y to EUR 25.4bn at end-February after climbing 6.6% on the year in January, central bank data showed. In monthly terms, however, the external ... more

Vip Mobile Serbia signs five-year managed services deal with Ericsson.

Swedish company Ericsson said it has signed a five-year managed services contract with Vip Mobile - the Serbian arm of Telekom Austria Group. The agreement includes field maintenance services for ... more

Telenor and Societe General possible buyers of Serbia's KBC Banka - report.

Norwegian telecommunications firm Telenor and France's Societe General are seen as possible buyers of the Serbian unit of Belgium's KBC Group, which has been on sale for several years now, a ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss