Lazar Sestovic

BELGRADE - The World Bank expects the Serbian economy to grow at a rate of around 4 pct over the medium term, primarily due to consumption and, in part, investments.

BELGRADE - The World Bank has revised upward its 2024 GDP growth projection for Serbia from 3 pct to 3.5 pct.

At a presentation of the institution's regular economic report for the Western Balkans, World Bank Senior Economist Lazar Sestovic said the projection had been revised following an increase in investments that was expected to result in slightly stronger economic growth.

BELGRADE - In its latest forecast, the World Bank said Serbia's 2023 GDP growth would be around 2 pct despite an anticipated acceleration of economic activity in the second half of the year.

BELGRADE - Exports have become the main factor of Serbia's economic growth, with household spending playing an increasing role in it, says Lazar Sestovic, the chief World Bank economist for Serbia.

Exports have been excellent over the past seven months, he told a press conference.

Exports have become the main factor of Serbia's economic growth, with household spending playing an increasing role in it.

This is according to Lazar Sestovic, chief World Bank economist for Serbia.

The privatization of the Smederevo steel mill is positive news, the chief World Bank economist in Serbia, Lazar Sestovic, has said.

He added that the same was true of the fact that one of the world's biggest companies in the sector was interested in the plant.