2/4  BIS central bankers' speeches  Colleagues, I have just set forth three problems that we consider paramount. How are we to solve them? We have no crystal ball to turn to for answers. We can turn to each other, though.
If we compare the latest macroeconomic data with those presented in the February Report, it is evident that the economic recovery of the Republic of Serbia has continued, and more importantly, that the growth is based on long-term sustainable foundations. And that is why the macroeconomic outlook for the period ahead has been revised upwards relative to the previous Report.