I will present to you, as to my chosen family, how Serbia has fought the pandemic. I will talk about: 1. why COVID-19 had a less severe impact on Serbia 2. responses by both the NBS and the Government 3. and our medium-term agenda. I will start with the outcome. Serbia has recorded only a mild contraction of GDP last year, of just 1%.
Already in Q1 this year our GDP exceeded pre-crisis levels. We often get the how question – what are the key factors behind such a good outcome? 1.