Serbian GDP Shrank Preliminary 0.6% on Year in 2nd Quarter

Serbia’s gross domestic product contracted for the second consecutive three-month period in the second quarter as Europe’s debt crisis continued to damp demand for the Balkan nation’s exports.

Economic output shrank 0.6 percent from the same period a year earlier after a 1.3 percent decline in the first quarter, the Statistics Office in Belgrade said in a flash estimate today. It gave no further details. The central bank had forecast 0.7 percent growth.