However, since policies in Serbia are fully coordinated, internal and external imbalances narrowed down and macroeconomic prospects improved, strengthening the resilience of our economy to external uncertainties. The importance of increased resilience is practically visible. Namely, this year Serbia recorded the fastest growth in the last ten years despite adverse external conditions. In the past three quarters GDP growth reached 4.5% y-o-y.
Acknowledging this fact and a faster than expected rise in investment, we revised the GDP growth projection for this year upward from 4% to 4.2%. Serbia’s growth projections were upgraded by all relevant international financial institutions, too – the International Monetary Fund, the European Commission, some rating agencies and many economic analysts who monitor developments in our country.