Finance Minister Sinisa Mali said on Friday that Serbia’s economic growth in July stood at 4.4 percent, adding that the trend could lead to an annual growth of at least 3.5 percent by the end of the year.
“Our growth rate last year was 4.3 percent. We planned a growth rate of 3.5 percent for this year and there was talk of the economy slowing down after the first and second quarter which was possible considering the crisis in Germany and other countries which are our economic partners but the rate stood at 4.4 percent in July and if we continue that in August and September we will have a growth rate of at least 3.5 percent this year,” Mali is quoted as saying in a ministry press release.
Speaking at a meeting with Slovenian business people, the minister said that the growth rate will be even higher thanks to a 12 billion Euro investment program over the next four years. “If we base our GDP on the growth of personal spending and investments and make the country more attractive by reducing the burden on business people, exports will rise and we will have a growth of five or six percent which is our goal,” he said.
Mali recalled that 25,000 Serbians are employed by Slovenian companies.