BELGRADE: The Serbian central bank lowered its economic growth forecast on Wednesday by a percentage point to 2 percent, but kept its forecast for 2018 and 2019 at 3.5 percent, in line with the revised estimates of the International Monetary Fund.
In its November inflation report, the bank said economic output had recovered from poor results of electricity producers in winter and a drought in summer, accelerating to 2.1 percent in the third quarter.
"With further acceleration towards the end of the year, GDP growth in 2017 will be around 2 percent," it said.
Earlier this month, the IMF lowered its growth forecast for the Balkan country to 2 percent from 2.3 percent, and urged Belgrade to improve its business environment and speed up public-sector reforms.
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