NBS: Serbia’s increased prospects for investment rating
In its latest report, the rating agency Standard and Poor’s has increased Serbia’s chances of obtaining an investment rating from stable to positive, said the office of the governor of the National Bank of Serbia (NBS).
The NBS states that the decision was influenced by “strong economic growth in Serbia and a high degree of resilience of the domestic economy to the shock caused by the pandemic.”
“The S&P agency states that thanks to the adequate economic policy pursued in Serbia, economic growth in 2021 will amount to about seven percent, after only a slight decrease last year. The agency points out favorable growth prospects in the medium term, high inflow of foreign direct investment, record level of foreign exchange reserves, reduced external imbalance and the expected reduction of the fiscal deficit,” the statement reads.
It is estimated that the credit rating is “supported by a credible monetary policy and a moderate level of public debt”.
The report emphasizes that real GDP at the end of the current year will be about 6 percent higher compared to the pre-crisis level, and that dynamic GDP growth rates will be recorded in the medium term.