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Serbia: Moderate Upward Trend
In the first three months, Serbia´s GDP was up by 0.5%. However, domestic demand is still declining.
Serbia: Moderate Upward Trend / Picture: © Vindobona.org
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…
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