Now Available: Serbia Autos Report Q3 2013
Although we expect a modest recovery this year - we forecast GDP growth will rise 1.9% in 2013 - Serbian households are set for another difficult year in 2013, weighed down by fiscal austerity measures and high unemployment. The government's 2013 budget caps increases in public sector wages well below inflation, while it also hikes the VAT rate by two percentage points. These factors will curb vehicle sales.
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