PM: Crisis “statistically and formally” over

Prime Minister Mirko Cvetković said on Monday that the crisis in Serbia was “statistically and formally” over.

Izvor: Tanjug

Monday, 17.05.2010.

13:02

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This comes with the GDP up one percent in the first quarter of 2010, he explained, adding however that this was “yet to manifested in the standard of living”.

Prime Minister Mirko Cvetkovic said on Monday that the crisis in Serbia was “statistically and formally” over. PM: Crisis “statistically and formally” over Cvetkovic was speaking at the National Defense School in Belgrade today when he pointed out that the real economic recovery in Serbia would come when the economy grows by a more sizable margin and the unemployment rate stops rising. He said that a high unemployment rate remains among the country's biggest problems, despite the fact that its growth had slowed. He reminded that the Serbian economy was forecast to gain two percent in 2010, while economic expansion should reach three to 3.5 percent in 2011. "After that, the Serbian economy is expected to grow at the annual rate of five to six percent, which would be a very good rate," Cvetkovic pointed out. Mirko Cvetkovic (Tanjug, file)

PM: Crisis “statistically and formally” over

Cvetković was speaking at the National Defense School in Belgrade today when he pointed out that the real economic recovery in Serbia would come when the economy grows by a more sizable margin and the unemployment rate stops rising.

He said that a high unemployment rate remains among the country's biggest problems, despite the fact that its growth had slowed.

He reminded that the Serbian economy was forecast to gain two percent in 2010, while economic expansion should reach three to 3.5 percent in 2011.

"After that, the Serbian economy is expected to grow at the annual rate of five to six percent, which would be a very good rate," Cvetković pointed out.

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