Serbian economy may contract 6 pct this year

May 05 2009 16:54:27

Serbian economy may contract 6 pct this year

Agence France-Presse

Gross domestic product had fallen by 5 to 7 percent in the first quarter of the year and the outcome for the whole year was expected to be similar, he said. The forecast given by Jelasic is the worst so far from any Serb official. The board of the IMF is to approve a loan to Serbia this month.

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