European Commission Increases Projection of Serbia’s GDP Growth to 6.7%

The European Commission (EC) projects a GDP growth in Serbia of 6.7% for 2021 within its Autumn 2021 Economic Forecast.

As reported by Tanjug, for 2023, the EC forecasts a GDP growth of 4.3% for Serbia, compared to 2.5% in the EU.

The public debt of Serbia in 2021 will amount to 58.1% of the GDP, whereas, for 2022, the forecast is 56.3% of the GDP, which are values below the Maastricht criteria. For 2023, Brussels forecasts the further reduction of Serbia’s public debt to 54.1% of the GDP.

The EC forecasts that the unemployment rate in 2021 in Serbia would amount to 10.7%, whereas, for 2022, a further drop and a value of 10% are expected. For 2023, an unemployment rate of 9.2% is forecast.