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Serbian Government Tries Act of Liberation

Published: August 29, 2012; 18:03 · (Vindobona)

Serbia´s economy weakens, the outlook is negative. Even a bankruptcy is not excluded anymore.

Serbian Government Tries Act of Liberation / Picture: © Flickr

Serbia´s foreign debt reached € 15bn, which is an increase up to 55% of GDP. A major weak point of Serbia´s economy is the high current account deficit, which reached 9.5% last year. This year, the deficit should amount to 7.5% Furthermore, the budget deficit remains at a high level.

Serbia plans to amend the Central Bank Act. Experts fear that the independence of the Central…

This article includes a total of 292 words.

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