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Vucic: Serbia economically progresses four times faster than European countries

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Beta , N1 Belgrade
29. nov. 2019. 12:04
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12:09
Tan2019-11-28_113411116_3
Tanjug/Predsedništvo Srbije | Tanjug/Predsedništvo Srbije

Aleksandar Vucic, Serbia's President, said on Friday his country economy was improving four times faster than those in the European states, the Beta news agency reported.

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He added that the International Monetary Fund (IMF) estimated the European Union countries "will record one percent growth, while the economy in Serbia will rise four percent," Vucic told the pro-government Pink TV.

However, Croatia, for example, had a different IMF projection. 

"The IMF has revised upward the projection of Croatia's real Gross Domestic Product for this and next year, saying that Croatia's GDP growth in 2019 is likely to be twice as strong as the growth of a group of countries which the Washington-based fund calls "Emerging and Developing Europe".

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Croatia's economic growth is projected to revive to 3% in 2019, according to the IMF Winter Economic Outlook (WEO), which is 0.4 percentage points higher than the Fund's estimate released in April.

Croatia's economic growth of 3% in 2019 is twice as high as the projection for "Emerging and Developing Europe" which, apart from Croatia, includes Russia, Turkey, Poland, Romania, Ukraine, Hungary, Belarus, Bulgaria and Serbia," N1 reported in October.

Vucic also said on Friday that the politicians in the country did not understand the recently adopted 2020 budget, adding Serbia had exceeded former Yugoslavia 1989 GDP.

He said the unemployment rate of the youth in Serbia was 24 percent, and that Europe "grabs" the country's youth.

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"Europe chases people, not territories, as some in Serbia and the region think," Vucic added.

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