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.

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