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2018/02/28 / Erste Group Research

RS Short Note, Serbia

4Q17 GDP confirmed at 2.5% y/y – Serbian economy expanded by 1.9% y/y in 2017

Statistical office confirmed 4Q17 flash estimate at 2.5% y/y, which wrapped up FY17 figure at 1.9% y/y. Detailed data on GDP components brought no major surprises, as private consumption and investments played key supportive role for headline figure, while contribution of net exports was negative, due to stronger pressures on import side and somewhat weaker export performance. For 2018, we expect stronger domestic demand, but also stronger imports, which puts our FY18 forecast at 2.9% y/y, with risks balanced on both sides.

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General information

AuthorErste Group Research
Product nameCEE Country Update
Topic in focusFX, Macro/ Fixed income
Economy in focusSerbia
Currency in focusSerbian dinar
Sector in focus-


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