energy imports

NBS Warns Prolonged Oil Shock Could Cut Serbia’s 2027 Growth by 0.8 Points

A prolonged disruption in global energy markets could raise Serbia’s average inflation by 1.2 percentage points in 2027 and reduce economic growth by 0.8 percentage points, according to a stress scenario prepared by the National Bank of Serbia. The central bank’s assessment assumes a renewed escalation of the Middle East conflict, a prolonged disruption in the Strait of Hormuz and further reductions in Red Sea shipping. Under the scenario, higher energy costs would affect Serbia through fuel prices, imported goods,…