Serbia´s Current Account Deficit on the Rise

Business › Economy ♦ Published: September 7, 2012; 07:46 ♦ (Vindobona)

According to RCB (Raiffeisen Centrobank), the current account gap widened in June by 15.6% mom supported by remittances fall (-32.0% mom),

Serbia´s Current Account Deficit on the Rise / Picture: © Vindobona.org

Current account gap widened in June by 15.6% mom supported by remittances fall (-32.0% mom) while increase in paid interest for borrowings taken abroad (+148% mom), yet even larger C/A deficit was offset by the foreign trade gap narrowing (-22.1% mom). Surplus in financial account remained almost untouched (€ 217.0m), supported by corporate customers. Precisely, net long-term…

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