Serbian FinMin says inflation expected to drop

“We have reached the peak of inflation…. I expect inflation to head downwards in the months ahead,” he told the Serbian state TV. According to official statistics, inflation in Serbia stood at higher than 15 percent in 2022.

The finance minister said that slower inflation will mean a gradual exit from the crisis “which we did not cause”, adding that the entire world was facing the greatest crisis ever starting with the COVID pandemic and ending with the conflict in Ukraine.

Mali claimed that Serbia’s GDP stood at more than 60 billion Euro for the first time ever. “It was at 33 billion in 2012 and this is almost double that. The budget defict is 3.3 percent,” he said and added that the public debt accounts for 55.2 percent of the GDP with record high direct foreign investments of 4.4 billion Euro in December and record low unemployment of 8.9 percent.