Market Report, "Serbia Food & Drink Report Q2 2013", Published
After a difficult 2012, we expect Serbia to enjoy a modest recovery over the coming year, forecasting real GDP growth to accelerate from -1.9% in 2012 to 1.9% in 2013. This will be partly due to base effects after several bouts of extreme weather hit agricultural and industrial output, but also a result of increased exports and remittance inflows. Despite this improvement, Serbian households are set for another difficult year in 2013 owing to fiscal austerity and high unemployment.
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