Serbia: Recession Aggravates

BusinessEconomy ♦ Published: December 28, 2012; 18:16 ♦ (Vindobona)

Quarterly Gross domestic product of the Republic of Serbia down by 2.5% in the third quarter of 2012.

Serbia: Recession Aggravates / Picture: © Vindobona.org

The real GDP fall in the 3rd quarter of 2012, compared to the corresponding period of the previous year, amounted to 2.5%.

Observed by activities, in the third quarter of 2012, the most significant growth in the gross value added was noted as follows: the section of financial and insurance activities – 5.6%, the section of information and communication – 3.7%, the…