BELGRADE (Serbia), November 15 (SeeNews) - Serbia's central bank has upgraded its economic growth forecast for the country to 3.6% in 2019 from 3.5% projected earlier, governor Jorgovanka Tabakovic said.

"I would like to emphasise the additional acceleration of investments, which is why the growth of our gross domestic product (GDP) in the third quarter exceeded our expectations," Tabakovic said in remarks at the presentation of the National Bank of Serbia's October inflation report published on the bank's website.

The central bank expects economic growth to accelerate to about 4% in 2020 and to maintain similar dynamics in the medium term, driven by investments, exports and sustainable growth in personal consumption, Tabakovic noted.

Serbia's GDP grew by a real 2.9% year-on-year in the second quarter of 2019, the country's statistical office said in September. On a quarterly comparison basis, Serbia's economy expanded by 1.2% in the second quarter of 2019.