The Serbian economy exhibited signs of slowing growth in the second quarter of 2024, with the Gross Domestic Product (GDP) expanding at a rate of 4.20%, a moderate decline from the 4.70% growth recorded in the first quarter of the year, according to the latest data updated on July 31, 2024.
This quarterly deceleration reflects a year-over-year comparison that highlights the ongoing economic adjustments Serbia is navigating through. Where the first quarter presented a robust performance, the slight dip in Q2 suggests factors such as external market conditions, domestic policy shifts, or sectoral performances might be at play, necessitating closer analysis from economists and policymakers.
While the Q2 2024 growth rate remains solid, it underscores the importance of strategic economic planning to sustain momentum and achieve growth targets amid a dynamic global economic landscape.
