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12. December 2002 - Thursday |
Economic experts favor speedy transformation of Yugoslav economy
BELGRADE - Next year's economic policy must not be solely in the service of preserving the country's macroeconomic stability, it also needs to implement different measures to encourage the
revitalization and speedy transformation of the economy, and especially exports, in order to reduce the country's record trade deficit, which reached 2.8 billion dollars or more than 20 percent of the country's GNP in 2002, Yugoslav economists said on Thursday.
At the traditional winter symposium of economists, bankers and businessmen, dedicated to current economic trends and options for the 2003 economic policy, held at the Serbian Chamber of Commerce, the participants agreed that a lack of political consensus in the country and delayed adoption of the Serbian-Montenegrin Constitutional Charter postponed economic system reform and represented the crucial obstacle to a greater inflow of foreign investments.
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