Prime Minister Ana Brnabic presided today over a session of the Council for the Coordination of Activities and Measures for the Growth of the Gross Domestic Product (GDP), at which it was stated that in the third quarter, there are visible signs of stabilisation and recovery of the economy, that inflation is on the decline and that the planned GDP growth of 2.5 percent in 2023 can be expected, despite the significant slowdown of the European economy.
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Visible signs of economic stabilisation, recovery in third quarter
Belgrade,
9 October 2023
The Prime Minister underlined that in the coming year, given the global events, there will be even more challenges and that it is important to work dedicatedly on implementing projects in order to ensure the growth of the Serbian economy.
Analysing sectors and areas, it was noted at the session that in August of this year, industrial production recorded growth in the total and processing industry, the situation in retail trade is good because demand is increasing, and inflation is decreasing.
As stated, food prices have been stabilised, and the campaign "Better Price" has produced results in that field.
The Prime Minister also said that the good momentum from the third quarter should be used in the next one as well, and she highlighted the construction industry and agriculture.
The ministers reported to the Prime Minister on the situation in their departments, emphasising that the implementation of all projects is proceeding according to plan, whether it is the construction industry, environmental protection, agriculture, trade or infrastructure.
In the field of tourism, inspection controls of undeclared and illegal private accommodation are being strengthened, while in agriculture, eAgrar is giving results, because the large number of farmers who applied for subsidies, but were not entitled to them, is decreasing.
Stubble burning controls have also been enhanced.
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