Serbia:economic recovery not possible before 2013
(ANSAmed) - BELGRADE, FEBRUARY 13 - Prospects for economic recovery and inflation backsliding in Serbia will largely depend on the developments in the euro zone, Vice Governor of the National Bank of Serbia (Nbs) Bojan Markovic said Monday. He said that Serbia's economic recovery would not be palpable before 2013, which will be largely dependant on the global economic growth trends. Presenting the inflation report for February 2012, Markovic said that the NbS had downgraded growth estimates from 1.5 to 0.5 percent because of growth forecasts of Serbia's major trade partners (from the European Union) having worsened and the private owner leaving the steelworks in Smederevo. Markovic added that the new estimate about falling Gdp output was based on forecast indicating possible EU recession and a 0.5 percent drop in euro zone economic activity.
Speaking about inflation movement, Markovic noted that inflation had continued its downward trend in December, dropping to a seven percent year-on-year inflation rate, adding that its return within the bounds of tolerated deviations from the target, planned at 4.5 percent, plus or minus 1.5 percentage points, was expected as early as in the current quarter of 2012.
Naslov: Re: Bila jednom beogradska berza 
