Source: Beta | Wednesday, 18.05.2022.| 13:20
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NBS Revises GDP Growth Projections – Expectations 0.5 Percentage Points Lower Than Those in February

(Photo: wrangler/
The National Bank of Serbia (NBS) has revised the projection of the growth of the gross domestic product (GDP) for this year due to the negative effects of the conflict in Ukraine, so it will range between 3.5% and 4.5%, which is 0.5 percentage points lower than projected in February.

– According to our new projection, the GDP growth this year will range between 3.5% and 4.5%, which is 0.5 percentage points lower than our expectations in February – Tabakovic said at the presentation of the Inflation Report for May.

She added that other relevant international institutions, such as the International Monetary Fund, the European Bank for Reconstruction and Development (EBRD) and Consensus Forecast.

– It is important to note that the downward adjustment of the economic growth for Serbia is almost the smallest among the countries of the region – Tabakovic said.

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