The European Bank for Reconstruction and Development (EBRD) announced that Serbia’s economic growth in 2014 and 2015 will be 1%, which is less than 50% of its 2013 level. EBRD warned that growth could be even lower in case of the global negative events scenario.
The economic growth outlook for Serbia was reduced from 1.3% in January to 1% due to a probable decrease of expenditures of the new Serbian government as well as for the trade and investment relations with Russia, contributing to increase of uncertainties in the current political climate.
At the level of the entire region in which the European creditor is engaged, the average 2014 economic growth will amont to 1.4%, and to 1.9% in 2015 (as compared to the average 2.3% in 2013).
Source: www.euractiv.rs
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