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S&P Upgrades Serbia’s Outlook to Positive

Ratings

S&P Global Ratings said it has upgraded its outlook on Serbia to positive from stable on improved fiscal and external profile, while affirming the country’s ‘BB+/B’ long- and short-term foreign and local currency sovereign credit ratings.

“The positive outlook reflects Serbia’s strong macroeconomic outcomes in 2023 and the possible further improvements in its external and fiscal performance,” S&P said in a statement on Friday.

The agency added it projects the country’s real gross domestic product (GDP) to expand by 3.3% in 2024 and to accelerate to 3.8% on average over 2025-2027.

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