The European Commission (EC) on Thursday revised downwards its 2017 growth forecast for Serbia because of the impact of adverse weather conditions.
But the underlying growth trend remains robust, with economic activity expected to pick up already before the end of the year, Tanjug reported, citing EC’s fall economic forecast.
According to the report, Serbia’s GDP will grow two percent in 2017 – below the 3.2 percent rise projected last spring.
The European Commission said that Serbia’s economy would grow appreciably in the next two years and reach 3.3 percent in 2018 and 3.5 percent in 2019.
“A strong trend toward growth remains and expectations are that an upswing in economic activity before the year is out will occur,” the report presented by EU Commissioner for Economic and Financial Affairs Pierre Moscovici said.
According to Beta, Moscovici said it was estimated that GDP in the eurozone this year would grow appreciably and reach 2.2 percent while the total growth of all EU members would be 2.3 percent.