Protest in Belgrade on March 15 (BETAPHOTO/EMIL VAS)
The Fitch credit rating agency has assessed that weaker global economic prospects and the ongoing domestic political uncertainty posed obstacles for Serbia’s economy, but also stressed that the students’ protests were not having a negative impact on economic policy, because they focused on the perception of power centralization and corruption, the Danas daily reported on May 8.
The agency expects continuity in Serbia’s economic policies, which should preserve the improvements in the country’s credit rating, which is already being reflected in a positive outlook for the “BB+” rating. It was stated that a quick assessment of Serbia’s GDP in Q1 2025, which shows growth of two percent compared with the previous year, indicated a prominent deceleration of economic growth that was announced earlier by high-frequency indicators.
“These indicators showed a deceleration of industrial production, stabilization in retail and the weakening of the economic climate, especially in the services sector, in the course of this year,” it was stated in the report of the Fitch agency.
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