BELGRADE – According to an EU prognosis, the unemployment rate in Serbia will grow, while the GDP will keep a negative rate only this year of -0.1 percent, while the growth forecast for 2016 stands at 1.2 percent.

Illustration - Photo:
Illustration – Photo:

Head of Economic Section of the EU Delegation to Serbia Freek Janmaat stated on Tuesday that he expects the unemployment in Serbia to grow, but added that in a few years the trend could take a different turn.

According to the spring prognosis, the unemployment rate in Serbia will increase to 19.3 percent in 2015 and 20.3 percent in 2016.

Asked what was taken as the basis for such a prognosis, Janmaat told a press briefing that this is mostly due to the companies undergoing restructuring and privatization since a number of them will face bankruptcy and liquidation, and workers will be left jobless.

He said that the mixture of policies that the government is pursuing at this point is good, including the fiscal consolidation measures.

The reforms in the labor market are continuing and after a few years it is expected that the figures will take a different turn, Janmaat said.