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Serbia current account switches to deficit in Jan

Debt

Photo by Robert Petrovic / Shutterstock.com

Serbia's current account swung to a deficit of USD 164 million in January compared to a surplus of USD 304 mln in the corresponding month of the previous year, the country's central bank said.

The goods and services gap rose to USD 360 mln from USD 7 mln. At the same time, the primary income shortfall widened to USD 115 mln from USD 95 mln, and the secondary income surplus narrowed to USD 311 mln from USD 406 mln.

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