"Brexit won't prompt new austerity measures in Serbia"

"Brexit won't prompt new austerity measures in Serbia"

"What we have seen is a reaction in European markets that is also being felt in Serbia. It will not necessarily have a long-term impact but, in the grim scenario, it could cause a mild recession in the EU, which could have a negative impact on our economic growth," Altiparmakov told the N1 television.

It is still too early to talk about this, he said.

"If it is not a serious recession, it will not require additional austerity measures. It would suffice to continue the measures agreed with the IMF, complete the reform of public enterprises and put in order the local self-government authorities and everything else as planned under the arrangement with the IMF for the next two years," Altiparmakov said.