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Serbia´s Current Account Deficit on the Rise
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: © Wikimedia Commons / Keith Skipper [CC BY-SA 2.0 (https://creativecommons.org/licenses/by-sa/2.0)]
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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