Analysis 13 Oct 16

Serbia Awaits Evidence of Lasting Recovery

While Serbia is recording the best economic results in years, ordinary people will not feel the recovery without much faster growth rates.

Stevan Veljovic
BIRN
Belgrade
Serbia will enjoy “one of the highest growth rates in the region, and even in Europe,” Vucic said in June. Photo: Beta.

As Serbian officials hail the latest data pointing to an economic recovery, the gap between the figures and reality for ordinary people - most of whom still need more than one salary to survive - remains deep.

Experts explain that for people to feel real benefits from the recovery, economic growth rates need to to be far higher.

The basis of growth must also be laid on sustainable foundations, not just on relying on external resources, such as foreign investments, loans and foreign workers’ remittances.

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