Serbia’s central bank cuts 2022 growth forecast on Ukraine crisis

Serbia’s central bank cuts 2022 growth forecast on Ukraine crisis

© Reuters. FILE PHOTO: Office and residential buildings are pictured during sunset in Belgrade, Serbia, February 16, 2020. REUTERS/Marko Djurica

(Corrects figures in first paragraph to 3.5%-4.5% from 3%-4% and to 4%-5% from 3.5%-4.5%)

BELGRADE (Reuters) – Serbia’s central bank on Wednesday cut its 2022 growth forecast to 3%-4% from 3.5%-4.5% due to the conflict in Ukraine.

The bank said in its Inflation Report that if the “geopolitical situation” worsened, the forecast could be cut again.

The bank said rising fuel, food and commodity prices, domestically and internationally, would result in slower-than-expected growth in manufacturing and construction “and to a smaller extent in services.”

Latest Category Posts




You May Also Read