|
August 19, 2003 - Tuesday |
Trade deficit over two billion dollars
14:48 BELGRADE, August 19 (Tanjug) - The trade deficit of the state
union of Serbia and Montenegro (SCG) has amounted to two billion
dollars in the first six months of this year, while it is expected
to go above 4.5 billion dollars, or 45 percent of the country's
social product, by the end of the year, Belgrade School of Economics
Prof. Mladjen Kovacevic assessed on Tuesday. Kovacevic told Tanjug
that further growth of the trade deficit could lead the SCG to a
debtor crisis much earlier than it had been estimated by the
country's politicians and experts.
In the first six months of 2003, the SCG's foreign trade surpassed
4,744,000,000 dollars, which is a 22.3 percent increase compared to
the same period last year, said Kovacevic, specifying that
1,114,000,000 dollars worth of goods and services (a 20.3 percent
increase) were exported, while 3.5 billion dollars worth of goods
were imported, which is a 23 percent increase.
|
|
|
|
|