Brnabic: Serbian government firm in growth prediction

Brnabic: Serbian government firm in growth prediction

Brnabic: Serbian government firm in growth prediction Izvor: Tanjug/Sava Radovanović

Serbian Prime Minister Ana Brnabic said on Wednesday that her government remains firm in its prediction of economic growth of 3.5 percent this year despite the fact that the World Bank and Serbian Fiscal Council have lowered their projections.

She told a presentation of the 17th issue of the Foreign Investors’ Council White Book that unemployment in the country is at the level of 10.3 percent and added that she expects a further drop to single digits in third quarter data. The prime minister rejected claims that unemployment was dropping because people are leaving the country, saying that employment was up from 41.8 to 49.2 percent.

Brnabic said that the country’s public debt stands at 52 percent of the GDP, adding that she expects it to drop to 50 percent by the end of the year. She said that the country’s credit rating is BB+.

Speaking at the presentation, European Union delegation chief Sem Fabrizi said that he wants to assure everyone that Serbia has a European perspective. That remains the key priority for Serbia and the EU, he said. Fabrizi said that the rule of law is crucial, adding that economic development depends on that. He said that the White Book is an opportunity to gauge the business environment.

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