Mali: Serbia's July economic growth at 4.4 pct

The Serbian economy grew 4.4 pct in July, Finance Minister Sinisa Mali said Thursday, adding that 2019 GDP growth could be expected to reach at least 3.5 pct if the current trend continued in August and September.

20 Septembar 2019 14:00

BELGRADE - The Serbian economy grew 4.4 pct in July, Finance Minister Sinisa Mali said Thursday, adding that 2019 GDP growth could be expected to reach at least 3.5 pct if the current trend continued in August and September.

Even though Q1 and Q2 figures indicated an economic slowdown as a result of the crisis in Germany and Serbia's other major foreign trade partners, the July figures are encouraging, he said.

"In July this year, the growth rate of the Serbian economy was 4.4 pct and, if that continues, we will definitely reach 3.5 pct growth this year. Considering that we have announced a major national investment programme and that we will invest 12 bln euros in infrastructure, I expect higher growth rates in the years to come," Mali said at a Belgrade meeting with Slovenian businesspeople, organised by the Slovenian Business Club in Serbia.


Photo Tanjug/A.Vukelic



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