sj
pre 13 godina
In the first instance in order to go into a recession you have to have a real economy. Albanian is a SUBSITANCE economy at best and does not even close to Serbia despite the fact that Serbia was until recently under international sanctions since the 1990s. There is only construction of apartments in Tirana and some along the seaside while the rest of Albania is powered by horse power in the true sense of the word.
With the exception of Asia, the rest of the world is going down the proverbial toilet, but it seems that Albania is “recording economic growth” – what does it sell? Here is a tip; the real estate industry is going to go through a correction soon.
Serbia has the lowest wages in the region because the EU is not propping up its economy like you have in the other Balkan countries and that includes Slovenia. However, at the same time numerous industries have opened up in the last 2 years such as Fiat in Kragujevac. Low wages means that manufacturing jobs open up and that’s how you build your economy, just ask the Chinese.
Borrowing money is the norm in world economics just ask the US – its borrowed a lot over the years to sustain its economy or perhaps they should ask Albania for a few pointers on that one. IMF money now comes from Japan and China but mostly from China. China had to contribute money otherwise no more IMF – they are on the board of the IMF.
The only people that don’t know the true situation about the US are the diehards that refuse to believe in reality. Did anyone read in the Economist or any other “reputable” western publication that in 2007 onwards the world was going into a global meltdown due to the subprime mortgage debacle? I did not. Yes, there were a few books written about an impending global crises, which were all rubbished as pessimistic.
Oh, China was not forced to revalue the Yuan as you claim. Don’t believe what the US tells its people because that’s for internal consumption only. China OWNS 40% of the US so China does what is best for China not the US. The Chinese currency will take over as the international money from the US.
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