Serbia to Grow in 2013

BusinessEconomy ♦ Published: October 1, 2012; 21:08 ♦ (Vindobona)

The Serbian economist Jurij Bajec explained that the Serbian economy will recover next year. Real GDP growth will reach 2.0%, he says.

Serbia to Grow in 2013 / Picture: ©

Due to the increasing exports in the automobile industry and the agricultural sector, Serbia´s GDP should grow by 2.0% next year. Bajec is optimistic that the austerity measures will lower the budget deficit sustainably.

As Serbia is forced to obtain a new precautionary loan by IMF, a tax intake was resolved. Thus, the tax revenue should grow by 3.3% to € 7.2bn. The deficit…