Mimica said Q2 2012 was the worst quarter in several years and that a considerable downturn was almost to be expected.
He said the government's economic policy was based on reducing state spending, establishing a balance between that reduction, cuts and growth, changing the value system of economic recovery, and increasing the dimension of solidarity.
Growth is no longer possible on personal spending, he said. This model needs to be changed according to investments in economic sectors and production, which raises the question of which industry to invest in to kickstart the economy.