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Sep 23, 2020 14:35 EEST
BELGRADE (Serbia), September 23 (SeeNews) – Serbia may post zero economic growth this year, avoiding a contraction of its gross domestic product (GDP), finance minister Sinisa Mali said on Wednesday.
"We have projected a GDP growth of minus 1% or 0%. According to the latest data, as of today, we are closer to 0% GDP growth," Mali told a news conference broadcast live at the YouTube channel of Tanjug news agency.
Thus, Serbia will be among the top 3 countries in Europe in terms of economic growth in 2020, Mali added.
In August, Serbia's central bank maintained its projection for a 1.5% decline in the country's GDP in 2020, due to the renewed spread of the coronavirus globally which will result in slower recovery of the world's economy than estimated earlier.
Serbia's GDP shrank by a real 6.4% year-on-year in the second quarter of 2020 after growing by an annual 5.0% in the first three months of the year, according to data by the country's statistical office.
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