Is the Golden Age possible?
Written By: Nebojša Katić
Economic miracles in Europe are possible, and Serbia is a place where a miracle could happen. This follows from the extensive study "Serbia's New Growth Agenda" which the World Bank (WB) has just published. The council believes that with the reforms it proposes, real growth of gross domestic product (GDP) in the next twenty years could be seven percent per year. This is a spectacular average rate that would increase Serbia'S GDP almost four times in twenty years. The Council emphasizes that without the measures recommended in the study, GDP could grow at most three to four percent per year – not enough to bring Serbia closer to the European Union standard of living.