Serbia to Grow in 2013

Business › Economy ♦ 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: © Vindobona.org

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…

or Log In

Fast News Search
Related News
Serbia: „EU Cannot Force Us to Recognize Kosovo´s Independence“ (September 22, 2012)
Serbian EU Approach Endangered (September 19, 2012)
Serbia Lifts VAT Rate (September 11, 2012)
Rising Serbian Budget Deficit Causes Worries (July 24, 2012)
Read More
Serbia, Economic Growth, Austerity, IMF International Monetary Fund, Taxation, Fiscal Policy, Lending, VAT, Public Debt, Foreign Trade, Exports
Featured
See latest Vindobona Newsletter