macroeconomic projections

State Infrastructure Spending Bolsters Serbia’s Economy Amid Slower Growth

Serbia's economy is navigating a period of slower growth while remaining dependent on state-backed infrastructure investments as a key factor sustaining domestic economic activity. Recent projections from the National Bank of Serbia indicate a downward revision in GDP growth forecasts for 2026 to approximately 3.0%, with persistent inflation limiting the scope for rapid monetary easing. Despite these challenges, Serbia manages to avoid the more severe economic slowdowns affecting several industrial economies in Europe. A significant driver behind this resilience is…