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Serbia used a bad model for economic growth |
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Region -
Economy
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Friday, 02 October 2009 12:17 |
 The model for economic growth that Serbia has implemented is wrong because it puts the country in a vulnerable position; evaluates the head of the World Bank in Serbia, Simon Gray.
Citizens spend more than they earn, which is more than clear when the country faces a high current account deficit, and all that is wrong, Gray noted.
As a positive turnaround in this economy, Gray emphasizes the fact of the fall in unemployment to 14% of the available workforce last year from 22% in 2006.
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