Crisis: Serbia; rising unemployment, decline in production
Situation is worrying, says president of Chamber of Commerce
(ANSAmed) - BELGRADE, MARCH 20 - The economic situation in Serbia is very worrying according to the President of the Serbian Chamber of Commerce (Pks) Milos Bugarin. He underlined that besides the rising unemployment and lack of liquidity , there are also a decline in industrial production and processing industry and the domestic and external debts of about 4.4 billion euros to be paid this year.
According to Bugarin, the economic growth rate that was revised from 1.5 to 0.5 percent was also cause for concern, because it could easily slide into a recession under the pressure of the external crisis.
Saturday, 24 March 2012
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