This year, the Serbian economy is recovering very quickly from the consequences of the corona crisis and Serbia’s GDP growth will be at least six percent in 2021, said Serbian Prime Minister Ana Brnabic at the online panel of the European Investment Bank dedicated to the consequences of the pandemic.
Brnabic said at the panel “Building a Better and More Equal Future: Voices from the EBRD Regions” that Serbia had a GDP growth of 1.7 percent in the first quarter of 2021 which is currently the best result in Europe.
The Serbian Prime Minister reminded that she had been the head of the government since 2017, and that in 2016, when she was the Minister of State Administration, the transformation of the Serbian economy began, from an economy based on labor-intensive jobs and investments to an economy based on innovations and knowledge.
– That helped us a lot when the corona crisis occurred, since our economy became much more stable and resilient. Serbia was affected by the crisis, but not as much as most EU countries – Brnabic emphasized.
She says that the Serbian economy has shown great resilience when it comes to the services and IT sector.
She emphasized that the state responded very effectively to the challenges during the covid crisis, with so far a total of three packages of assistance to the economy and citizens, which included not only small and medium but also large companies, and that direct financial assistance was provided to citizens.
In 2020, Serbian GDP fell by only 0.9 percent, which was the second best result in Europe, Prime Minister Brnabic added.
She pointed out that the state of Serbia, through three packages of assistance to the economy and citizens, gave about eight billion euros, which is more than 17% of the Serbian GDP.
– That helped us a lot to have a quick recovery in the first quarter of this year, and we hope that this year we will have a GDP growth of at least six percent – she stated.
She mentioned that the fight with Covid 19 is a fight that is still going on and that no one can declare victory yet, Novosti reports.
