IMF Sees Serbian 2012 GDP Up 0.5%, Jobless Rate ‘a Concern’

Serbia’s economy will grow 0.5 percent this year, the International Monetary Fund said, in line with the Balkan nation’s central bank forecast.

Serbia’s general government deficit target “was missed by a small amount,” while the 2012 fiscal deficit will be “significantly higher” than targeted because of insufficient spending cuts after the budget was approved, the IMF said in a statement today.