Serbia’s current account deficit contracted to EUR 1.8 bln last year from EUR 4.2 bln in 2022, as reported by the central bank. This improvement, attributed to a better energy balance and strong exports in manufacturing and services, reduced the deficit to 2.6% of GDP. The central bank anticipates an investment cycle increase and Euro Area demand recovery, projecting the current account to reach 4-5% of GDP this year.