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Serbia: Vucic, economy in good shape, GDP up 4.5%

Unemployment rate below 12%, average salary has grown

27 August, 14:09
(ANSA) - BELGRADE, AUG 27 - The good health of the economy and public finances in Serbia has been confirmed by President Aleksandar Vucic, who said that the performances of the Balkan country are among the best in Europe. Vucic underlined that the country's GDP grew by 4.5% in the first six months of this year, therefore Serbia won third place in Europe, along with Hungary, behind Ireland and Poland. According to Serbia's president, the unemployment rate has dropped drastically and was below 12% for the first time, compared to 25% a few years ago. Even the public debt has decreased, to a little more than 58% of the GDP, whereas the average monthly net salary has increased and was 49,226 dinars in June, that is about 417 euros. Export and industrial production achieved good results too, with an annual inflation rate of 1.1% (April). (ANSA).

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