macroeconomic profile

Serbia Growth Accelerates as Industrial Base Shows Narrow Expansion Pattern

Serbia entered mid-2026 with real GDP growth of 3.2% year on year in Q1 2026, while high-frequency indicators cited in the June MAT report point to growth of around 3.5% in the first four months of the year. The International Monetary Fund projects Serbia’s economy to expand by about 2.8% in 2026, followed by 4.0% in 2027, suggesting that early-year momentum may not be sufficient to sustain growth above 3% without stronger industrial performance in the second half. Despite solid…