Serbia: Doubts About Economic Development

Politics ♦ Published: January 7, 2013; 19:25 ♦ (Vindobona)

Milos Bugarin, President of Serbia´s Chamber of Commerce demonstrates skepticism regarding the economic outlook issued by the government.

Serbia: Doubts About Economic Development / Picture: ©

Bugarin does not think that Serbia will achieve an economic growth rate of more than 2.0% this year. Moreover, a significant reduction of the chroncially high budget deficit is unrealistic, he said. In 2013, the goverment plans to half the budget deficit.

In an interview with the Serbian news agency „Tanjug“, Bugarin said that Serbia must strengthen the austerity policy.…