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Mali: 2019 growth to be up to 3.8 percent in Serbia

Christian Fernsby |
According to a flash estimate, Serbia's Q3 2019 economic growth is 4.7 percent, meaning that this year's growth will be up to 3.8 pct, Serbian Finance Minister Sinisa Mali said Wednesday.

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Topics: MALI    SERBIA   

"Today or tomorrow, we will come out with the economic growth projection for this year, and it will no longer be the planned 3.5 percent, but 3.6 percent or 3.7 percent, perhaps even 3.8 percent," he told a press conference.

This is a huge growth rate in a situation where Serbia's major foreign trade partners such as Germany and Italy are seeing an economic slowdown, he said.

Serbia's unemployment rate is declining month by month, while the average monthly wage will exceed 500 euros in December, he said.

"At the beginning of next year, pensions will rise by 5.4 percent as well," he recalled.

"Also, growth of foreign investments has never been higher".

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