Serbian central bank says growth to stand at four percent in 2020-21

NBS Governor Jorgovanka Tabakovic told a presentation of a report on inflation that infrastructure projects, improvements in the business environment and better sources of financing for the private sector would contribute the most to the rise in investments.  

She said that the country’s hard currency reserves increased by 1.9 billion Euro last year to stand at 13.4 billion, raising the resilience of the local economy.  

The government said that the NBS would continue implementing measures to guarantee low inflation and stable exchange rates to contribute to the competitiveness of the economy, rise in employment numbers and living standards. “Policy that yield results should not be changed,” Tabakovic said.  

According to the report, year on year inflation stood at 1.9 percent at the end of 2019. The report said that the current accounts deficit was covered in 2019 by the net inflow of Foreign Direct Investments which, according to preliminary data, stood at 3.8 billion Euro.