World Bank: Serbia’s economic growth insufficient  

World Bank: Serbia’s economic growth insufficient

World Bank: Serbia’s economic growth insufficient

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The World Bank estimates Serbia's economic growth in 2019 is going to be 3.5%, and the same level is expected in the following few years, which is insufficient to reach the level of income per capita of the new EU member states, said yesterday economist of the World Bank Lazar Šestović. "The expected growth by 3.5% in 2019 is not bad, but Serbia will have to be much more ambitious in order to catch up with the new EU members, which growth amounts to 4% to 5%," said Šestović at the presentation of the regular WB report for the Western Balkans. Commenting on the situation at the start of this year, Šestović said that economic growth had slowed down in Serbia, according to the preliminary data, "because industrial production failed to meet the requirements."

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