NBS Revises Projection of Real Growth of GDP for 2020 – “Serbia's economic result to be -1.0%, maybe better”
– Considering that the Serbian economy has been recovering more quickly than what was initially expected for the fourth month in a row and the fact that, in certain parts of the economy, the pre-crisis level of activities has already been reached, the NBS has revised the central projection of the real growth of the gross domestic product for 2020 from -1.5% to -1.0%. When it comes to risks, the NBS estimates that the risks of the 2020 projection are asymmetrical upwards, that is, it sees the possibility of the result being even better than -1.0% at the end of the year – the press release says.
On the other hand, it is added, “regarding the economic outlook for this and the next year, we are facing pronounced and often exaggerated pessimism of certain international financial institutions”.
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