Serbia’s economic growth momentum appears to be tapering off as recent data reveals a deceleration in the GDP growth rate for the second quarter of 2024. The latest figures indicate that the GDP for Q2 2024 has progressed to 4.00%, down from the previous quarter’s 4.70% growth rate.Released on September 2, 2024, this quarterly economic update points to a year-over-year comparison, signifying that while the country continues to experience expansion, the pace has evidently slowed. This comparison reflects the change from the same month a year ago, providing a snapshot of Serbia’s economic trajectory over the past year.The reduction in GDP growth could be indicative of various influencing factors, including possible market adjustments or external economic pressures. As Serbia moves forward, stakeholders will be closely monitoring these indicators to gauge the broader economic health and to strategize future economic policies.The material has been provided by InstaForex Company – www.instaforex.com
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