Source: eKapija | Sunday, 25.09.2022.| 09:49
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Government of Serbia Projects GDP Growth of 3.5% by Year-End

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Illustration (Photo: NicoElNino/shutterstock.com)
The Council for the Coordination of Activities and Measures for the Growth of the Gross Domestic Product (GDP) estimates that, according to projections, the current year should end with a GDP growth of 3.5%.

At a session presided over by Serbian Prime Minister Ana Brnabic the results achieved in various industries in the first three quarters of 2022 that affect the GDP were analyzed, and it was also said that the labor market shows no signs of recession for now.

When it comes to foreign trade exchange, despite the difficult economic situation in the world and the environment, it is quite satisfactory compared to 2021, the Government of Serbia says in an announcement.

The situation in the energy sector was specifically discussed at the session and the current situation in the world and Europe was analyzed, as well as the measures that must be taken in Serbia in order to achieve significant savings and mitigate the negative consequences.

It was concluded that it is necessary to first implement short-term measures and stimulate citizens to save electricity, then to form working groups in all sectors of the Serbian Chamber of Commerce (SCC) which would prepare proposals for savings in the shortest time possible, as well as consider ways to reach a solution to reduce losses on the electrical grid, as reported on the Government of Serbia’s website.

The participants in the meeting placed special emphasis on agricultural production and food production.

They established that the sunflower crop is exceptional, and that the corn harvest is currently difficult due to weather conditions.

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