"Serbia needs new economic model"

Serbia needs more investments, production plants and jobs, exports boost and cuts to budget expenditures and all other expenditures incurred by the state. This would produce a model which would enable Serbia's fragile economy to overcome another difficult year, the government officials, prominent experts and businesspeople claim. "Serbia needs new economic model" The resolution of the economic crisis, such as the one that Serbia is facing, demands greater care for the vulnerable citizens. The necessary support to the vulnerable citizens is not only an additional burden for an already stretched budget, but also a great motive for all creators of Serbia's economic policy to find a more successful economic model and apply it fast and efficiently. The fact that Serbia recorded a small GDP growth of about 1.5 percent in 2010 proves that, technically speaking, Serbia has exited recession, but that still does not mean that the country has overcome the crisis. Moreover, the crisis will not be tacked in 2011 through the projected economic expansion of tree percent, unless the annual growth rate is stabilized at six to seven percent. Economists say that such a positive development in the Serbian economy cannot be expected before 2012 when the world economy gets fully stabilized and the global growth rate records a considerable increase.

"Serbia needs new economic model"

The resolution of the economic crisis, such as the one that Serbia is facing, demands greater care for the vulnerable citizens.

The necessary support to the vulnerable citizens is not only an additional burden for an already stretched budget, but also a great motive for all creators of Serbia's economic policy to find a more successful economic model and apply it fast and efficiently.

The fact that Serbia recorded a small GDP growth of about 1.5 percent in 2010 proves that, technically speaking, Serbia has exited recession, but that still does not mean that the country has overcome the crisis.

Moreover, the crisis will not be tacked in 2011 through the projected economic expansion of tree percent, unless the annual growth rate is stabilized at six to seven percent.

Economists say that such a positive development in the Serbian economy cannot be expected before 2012 when the world economy gets fully stabilized and the global growth rate records a considerable increase.