Serbian Economy Shrank 2.5% in 3Q From Year Earlier

Serbia’s economy contracted 2.5 percent in the third quarter from a year earlier as agriculture and construction extended declines, the national statistics office in Belgrade said today.

The decline in gross domestic product exceeded the the statistics office’s preliminary forecast for a 2.2 percent contraction in the third quarter.

GDP fell a revised 0.6 percent in the second quarter from a year earlier, compared with a previously forecast 0.8 percent contraction, and declined a revised 2.3 percent in the first three months rather than the originally estimated 2.5 percent drop, the statistics office said.

To contact the reporter on this story: Gordana Filipovic in Belgrade at gfilipovic@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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