Mali: GDP growth in February at 5.9%

The minister of finance of Serbia, Sinisa Mali, has stated that the economy of Serbia is “still growing” and that a growth of the gross domestic product (GDP) of 5.9% was achieved in February.

Mali said for TV Prva that the result was “far beyond the expectations.”

– Serbia continues to grow, while a country like Germany is in recession, and other economies are growing much more slowly. We are fully controlling the public debt relative to the GDP and today it is at 48.5%. At the moment, we have more than 400 billion on the account, a record-high employment rate and a record-high unemployment rate and never-bigger FX reserves and reserves in gold – said Mali.

He estimated that the economy of Serbia had proven to be “much more resilient” in facing the global challenges than the economies of many other countries.

– Our exchange rate is fully stable, the inflation is dropping slowly but surely, and as soon as May, it will be within the band of three percent plus-minus one and a half percent. We are dealing well, even better than others, with those global problems, with the pandemic, shortages, local conflicts and wars – said Mali.

Ministarstvo finansija Republike Srbije

Ministry of Finance

Siniša Mali

GDP of Serbia in February

public debt