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The Government of the Republic of Serbia

In the service of citizens

Despite impact of pandemic, Serbian economy will survive

Belgrade, 9 December 2020

Prime Minister Ana Brnabic stated today, at an online conference organized by the American Chamber of Commerce in Serbia (AmCham), that she can now say that Serbia will end this year with the smallest GDP drop in Europe, of 1%, and that the decline may be smaller.

Brnabic pointed out that the epidemiological situation in Serbia is currently very complex, considering that we still record a large number of newly infected, emphasising that it is important that the number does not grow dramatically, but is maintained at a certain level.

The Prime Minister expressed hope that, if we continue to adhere to the measures in the coming days or weeks, that number will start to fall.

She underlined that the fight against coronavirus and the consequences it leaves on the economy continues, and emphasised that it will be the same in the first half of next year.

Brnabic expressed her gratitude to the representatives of AmCham, i.e., the companies, for keeping the employees and helping the economy in Serbia and the health care system, as well as other institutions, with their activities.

According to her, a large part of what their annual research "Eighth passing time – investor trust and satisfaction" showed coincides with the set priorities of the government.

The Prime Minister pointed out that efforts were made to keep the situation caused by the pandemic under control and not to cause, above all, a large drop in employment, but also to preserve the health system, expressing confidence that thanks to all measures we will be able to make up for 2021 and start a rapid growth in 2022.