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Regular version of the site

Book

Eastern Europe Economic Update - Serbia and Croatia: Fiscal Tightening Set to Continue

Iss. May 2015. M.: Sberbank CIB, 2015.
Gavrilenkov E., Stroutchenevski A., Lomivorotov R., Konygin S.
Under the general editorship: Gavrilenkov E.
The Serbian and Croatian economies contracted in 2014, GDP declining a respective 1.8% and 0.4%. Both countries are running a significant budget deficit and have an elevated level of public debt. Serbia has begun painful fiscal consolidation with the help of the IMF, while Croatia has been trying to muddle through, but it has taken its economy close to stagnation as a result.
Eastern Europe Economic Update - Serbia and Croatia: Fiscal Tightening Set to Continue