Serbia: Moderate Upward Trend

BusinessEconomy ♦ Published: August 6, 2013; 07:12 ♦ (Vindobona)

In the first three months, Serbia´s GDP was up by 0.5%. However, domestic demand is still declining.

Serbia: Moderate Upward Trend / Picture: ©

In the first quarter of 2013, the main driver of Serbia´s growth was the exporting industrial sector. Above all, automotive and petroleum products contributed for an increase in Serbia´s economic growth. Real GDP growth was 2.1% yoy and 1.9% qoq. From January to March, Serbia´s net exports were up by 13.5%.

Currently Serbia is leading the list of economic growth in the CESEE…