economic cycle

Serbia’s Q1 2026 growth stays near 3% as industry lags retail

Serbia’s first quarter of 2026 showed a GDP expansion of around 3.0% year-on-year, placing the country among stronger performers in Europe. The overall picture was stable at headline level, while underlying components pointed to uneven momentum. Services, trade, net taxes and household demand supported growth, whereas industry and construction weighed on activity. GDP growth supported by services and household demand The pattern described for Serbia’s economic cycle is reflected in the split between demand-led activity and weaker production. Inflation remained…