Serbian GDP To Expand In 2024 On Encouraging Consumption Growth
Country Risk / Serbia / Tue 07 May, 2024
Key View
- We expect the recovery of the Serbian economy to continue in 2024 as consumer spending rebounds. We forecast GDP to expand by 3.0% after a 2.5% expansion in 2023.
- Declining inflation alongside a still tight labour market will likely support consumer purchasing power in 2024, allowing for a recovery of private consumption growth from 0.8%