BELGRADE – The European Commission (EC) has raised its forecast for Serbia’s GDP growth in 2016 to 2 percent, said a statement released in Brussels on Tuesday.

An earlier EC forecast, released in February, was 1.6 percent, with 2017 GDP growth anticipated to be at 2.5 percent.

Serbian Prime Minister Aleksandar Vucic has said recently that he is confident that international organisations and financial institutions will raise their 2016 growth forecasts for Serbia.

The latest International Monetary Fund and World Bank forecasts in April and May predicted a 1.8 percent GDP growth in Serbia in 2016.