Serbian PM to EBRD: GDP Dropped Less Than 1 Percent in 2020

Serbian Prime Minister Ana Brnbaic said on Wednesday (30.06) that Serbia’s GDP dropped by 0.9 percent in 2020, the second best result in Europe.

She told a panel meeting at the annual gathering of the European Bank for Reconstruction and Development (EBRD) that her government introduced three financial aid packages for companies and invested eight billion Euro (17 percent of the GDP) during the pandemic. According to her, the aid packages help sustain the economy and increase employment rates.

Brnabic said that education is very important for the country’s economy and added that Serbia wants its economy to be based on knowledge and innovation instead of a labor force.

This result of Serbia’s GDP is much better than the initially expected by the European Commission decline of 1.8 percent.

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