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Serbian Industrial and Trade Sector Under Pressure
Retail trade is shrinking drastically, the manufacturing sector stagnates. GDP fell by 2.5% compared to autumn 2011.
Serbian Industrial and Trade Sector Under Pressure / Picture: © Vindobona.org
According to Statistical Office data, GDP is estimated to have declined in 2012 by 1.9%. Euro-denominated exports and imports of goods are up by estimated 7.4% and 6.2%, respectively.
A real y-o-y decline in GDP at last year’s prices was revised from 2.5% to 2.3% and from 0.8% to 0.6% in Q1 and Q2, respectively, and from 2.2% to 2.5% in Q3.
In November 2012, industrial…
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