Serbia: Growth revised downwards | Eurobank
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Serbia: Growth revised downwards

• Growth decelerated to 2.2% yoy in the second quarter compared to 3.4% yoy in the first on softer manufacturing readings;
• The prospect of a global slowdown worldwide and the shaky recovery from the net exports side compels us to downgrade our forecast for 2011 to 2.5% instead of 3% in our last New Europe Economics & Strategy