The World Bank’s gloomy forecasts include Serbia as well
BizLife 08.10.2020 | Večernje novosti
The economies of developing countries in Europe and Central Asia, including Serbia as well, will experience the worst recession this year since the 2008 financial crisis.
This will cause an increase in poverty, according to an updated World Bank Economic Report. Economic activity is expected to recover in 2021, but the pace of recovery depends on the duration of the coronavirus pandemic, the availability of vaccines and the improvement of global trade and investments. The World Bank estimates that, with a living wage of US$ 3.2 a day, an additional 2.2 million people in the region could fall into poverty, and with a living wage of
