NBS: Key Policy Rate Kept at 1.25%
Source: eKapija
Thursday, 08.10.2020.
13:15
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(Photo: ToskanaINC/shutterstock.com)
– It is quite certain that the GDP outcome in 2020 as a whole will be better than the initially projected -1.5%. Under the new projection, the GDP drop will measure around 1% with risks tilted to the upside, and this will be one of the best outcomes in Europe. Industry and retail trade have already reached pre-crisis levels and exports are on the path of normalization. The revised GDP projection for 2020 also reflects improved performance of construction and agriculture – the NBS says.
Favorable prospects are further confirmed by the FDI inflow, which remained solid in the face of the pandemic and the economic slowdown of our key foreign trade partners and more than sufficient to cover the current account deficit.
Companies:
Narodna banka Srbije Beograd
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