Serbia: In the midst of a double-dip recession

2/20/2013 - Report
ic_blogtagSerbiaBusiness ClimateCountry RiskGrowthTrade
In the midst of a double-dip recession. Growth in 2013 will be modest, at best.

In 2013, inflation will remain elevated and so will interest rates. Exchange rate risk remains on the cards.

The fiscal position is increasingly precarious. The external position remains particularly weak, indicated by continued large current account deficits and a very high external debt burden.

Foreign exchange reserves appear adequate but could erode quickly.

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Serbia: In the midst of a double-dip recession - Report