Britain leaving the EU “will not force Serbia to implement additional austerity measures,”Fiscal Council member Nikola Altiparmakov said on Wednesday.
However, Altiparmakov conceded that Brexit could lead to a mild recession in the EU that, in turn, could have a negative impact on Serbia’s economic growth “in the grim scenario.”
“What we have seen is a reaction in European markets that is also being felt in Serbia. It will not necessarily have a long-term impact but, in the grim scenario, it could cause a mild recession in the EU, which could have a negative impact on our economic growth,” Altiparmakov told the N1 television.
It is still too early to talk about this, he said.
“If it is not a serious recession, it will not require additional austerity measures. It would suffice to continue the measures agreed with the IMF, complete the reform of public enterprises and put in order the local self-government authorities and everything else as planned under the arrangement with the IMF for the next two years,” Altiparmakov said.
Source; B92
