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Serbia: Manufacturing and Retail Industry Terminate Recession
As per seasonally adjusted data GDP grew in Q2/12 by 2.1% qoq after falling by 1.9% qoq in Q1/12, finally moving into the positive territory after declining four quarters in a row.
Serbia: Manufacturing and Retail Industry Terminate Recession / Picture: © Vindobona.org
In annual terms, GDP decline is slowing down to 0.8% yoy in Q2/12, after 2.5% yoy fall in Q1/12.
As per seasonally adjusted data GDP grew in Q2/12 by 2.1% qoq after falling by 1.9% qoq in Q1/12, finally moving into the positive territory after declining four quarters in a row, pointing that recession cycle could have bottomed down. Still, it cannot be sure that the country moved…
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