Serbian GDP up 2.3 pct in 2022, to grow 2 pct in 2023 - EBRD

LONDON - The European Bank for Reconstruction and Development (EBRD) has revised its economic outlook for the Western Balkan region, estimating that Serbia's GDP was up by 2.3 pct in 2022 and would grow by 2 pct in 2023.

In a statement, the EBRD said the 2023 projection was a 1.3 pct downgrade from its previous report, released in September last year.

It also said Serbia's GDP was projected to grow by 3.5 pct in 2024.

It said GDP growth in the Western Balkans had been at 3 pct in 2022 and would amount to 2.2 pct and 3.4 pct in 2023 and 2024, respectively.

The 2023 projection for the region is a 0.8 pct downgrade from the September report, it said.