BELGRADE, Oct 31 - The Serbian economy is recovering well from last year's energy shocks despite headwinds from an adverse global and regional environment, the International Monetary Fund said on Tuesday.
The global lender said in a statement that Serbia's economic outlook will depend on geopolitical and energy sector developments, trading-partner growth, the inflation environment, and adverse global financial market developments. The lender said Serbia's 2024 budget, which targets a deficit of 2.2% of GDP, is consistent with a tight policy stance.
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IMF: Serbian Economy Recovering Well Despite Global HeadwindsThe International Monetary Fund (IMF) has stated that the Serbian economy is recovering well from last year's energy shocks, despite challenges from the global and regional environment. The IMF has reviewed Serbia's finances and confirmed that the stand-by deal agreed with Belgrade remains on track. The economic outlook of Serbia will depend on various factors such as geopolitical and energy sector developments, trading-partner growth, inflation environment, and global financial market developments. The IMF predicts a GDP growth of 2% in 2023 and 3% in 2024 for Serbia, with inflation expected to decline and reach the central bank's target of 3% by 2024.
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