economic stabilisation

Serbia’s Economic Landscape: Stabilization Amid Industrial Weakness

The latest data from the Statistical Office of the Republic of Serbia indicates that while the economy is stabilizing, it has not yet entered a robust growth phase. The current economic environment is characterized by a shift where services, notably tourism and retail, are driving growth, whereas the industrial sector remains under pressure. Real GDP growth in Serbia is currently estimated between 2.0% and 2.5%, a modest figure within the broader European context. This level of growth contrasts with the…