Serbia: By stagnation to the GDP growth?

26.05.2015 | By Łukasz Kołtuniak

Serbian economy is in stagnation – informed Serbian National Bank. But, SNB has also good news for the public opinion. Serbia avoided deflation that is a “nightmare” of economists. Disinflation pressure applied by SNB caused the danger of deflation. Although Serbia did not achieve the GDP growth in 2015, there is a big chance that 2016 will be, owing to reforms, the year of economic recovery and finally the GDP growth will achieve around 1.5%. SNB also expects minimal inflation in 2016.